BULLISH HARAMI CROSS
The chart showing Series 1 series.
To see the performance of the pattern in your stock exchange in the context of other stock markets please examine the table below. Find your stock market there and see how it ranks among the others. This will give you an idea about the pattern’s strength and reliability and help you in your buying decisions.
BULLISH HARAMI CROSS
Definition
This is a major bullish reversal pattern, which is even more significant than a regular Bullish Harami. The outline again looks like a pregnant woman, as with the Bullish Harami Pattern. However, now the baby is a Doji. Basically, the pattern is characterized by a black body followed by a Doji that is completely inside the range of the prior black body.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black body is observed on the first day.
3. The Doji that is formed on the second day is completely engulfed by the body of the first day.
Pattern Requirements and Flexibility
The Bullish Harami Cross consists of two candlesticks, in which the body of the first black candlestick engulfs the body of the following Doji. The body of the first candlestick may be short.
Trader’s Behavior
A bearish mood prevails in the market, and a downtrend is in progress. The first day’s candlestick is a black body, which further supports bearishness. However the next day, prices open higher than the close, or at the close of the preceding day. The short traders are alarmed which leads to the covering of many short positions, causing the price to rise further. Moreover, the day closes at the opening price, showing lack of decision among traders. The increasing level of indecision and uncertainty amplifies the likelihood of a trend change and cause a reversal.
Buy/Stop Loss Levels
In the Bullish Harami Cross pattern the first candlestick can be short. This causes the confirmation level to change with respect to the body length of the first candlestick:

1. If the first black body is short, then the confirmation level will be defined as the body top of the first candlestick.

2. If the first black body is not short, then the confirmation level will the last close or the midpoint of the black body of the first candlestick, whichever is higher.

Prices should cross above these levels for confirmation.

The stop loss level is defined as the lower of the last two lows. Following the BUY, if prices go down instead of going up, and close or make two consecutive daily lows below the stop loss level, while no bearish pattern is detected, then the stop loss is triggered.
Title
Pattern Performance in Stock Exchanges since 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 44181140.9161.1114.612.2212.39
ArgentinaBUE 1741128064.3771.434.880.234.65
UKLSE 43108195711113945.4556.854.920.983.95
CanadaCSE 220496236044.8336.447.914.373.54
TurkeyBIST 97775111270152.2852.854.100.963.15
Greece ATHENS 97456929458.4251.674.471.343.12
ArgentinaBUE 88346125154.0252.624.551.463.08
EgyptEGX 181189746049.5351.284.281.302.97
IndonesiaIDX 92384575203849.5244.554.151.222.92
USOTC PINK 1854510072392554.6638.727.274.362.91
IndiaNSE 2065610990570653.2851.854.161.282.88
PakistanKSE 2649144369854.4748.374.301.442.86
South KoreaKOSDAQ 157958188443651.9354.083.841.032.82
BrazilBOVESPA 53123103158258.6850.753.861.082.78
IndiaBSE 2521813813671554.7948.604.211.482.73
USNASDAQ 3171218209944757.8051.543.951.232.73
SwedenSTOCKHOLM 100625499259654.6547.214.071.442.62
IsraelTASE 36941944106952.6354.993.580.972.61
Vietnam HOSE 53342614129149.0149.393.501.062.43
JapanSAPPORO 34231167.6547.833.701.352.35
BangladeshDSE 68073612167853.0646.463.341.142.21
KuwaitKSE 160882234951.1242.463.531.482.05
NorwayOSE 2877161877856.6247.763.611.572.04
TaiwanGTSM 136927379366753.8949.702.810.851.96
USAMEX 45992727131959.3048.373.171.211.96
Poland GPW 67643133146846.5046.683.331.381.95
The World 64365535172817165954.7348.733.161.221.94
RussiaMICEX 3234175078254.3344.513.031.101.93
South KoreaKRX 150118010414653.4851.642.570.781.79
Austria WIENERBORSE 51031716662.1652.372.580.821.76
Hong KongHKEX 3238415805642248.9740.503.471.721.75
JapanTOKYO 45586270611355759.3650.102.710.971.73
PhilippinesPSE 3985208289852.2543.132.931.241.69
JapanNAGOYA 54932616159.3849.392.520.861.66
SpainIBEX 1813102048356.2647.352.791.151.64
FrancePARIS 121666634339754.7051.042.430.811.63
AustraliaASX 2037810620455952.2242.843.561.981.58
Saudi ArabiaTADAWUL 2997170184557.1649.332.350.791.57
ChileBCS 102354227452.9850.552.200.651.55
CanadaTSX-V 88464476164250.7536.585.123.631.49
OmanMSM 4061687241.3842.862.611.151.46
TaiwanTWSE 1943710840540455.7749.852.120.681.44
ChinaSZSE 2634014434693054.8048.012.661.251.40
TurkeyBIST 129905569.7761.111.730.331.40
Vietnam HNX 2832141657450.0040.543.101.721.38
UAEUAE 95152022954.6844.042.441.081.36
USNYSE 37611237931234663.3451.832.030.771.27
JapanFUKUOKA 152813453.2941.982.000.741.26
PortugalLISBON 41423811257.4947.062.240.981.26
CanadaTSX 1985911732533959.1145.482.301.051.25
MexicoBMV 1786104253058.3450.862.080.841.24
ThailandSET 202029551393247.2941.162.501.261.24
RussiaMICEX 2431377656.3855.471.540.311.23
DenmarkCOPENHAGEN 170497842857.3943.762.441.211.23
BrazilBOVESPA 144955865.9761.051.470.241.23
ChinaSSE 178539838475555.1148.332.251.071.18
MalaysiaBURSA 166687990332147.9441.562.711.571.14
MexicoBMV 2211247356.1158.871.310.191.12
QatarQE 58232313455.5041.492.060.971.09
BelgiumBRUSSELS 156889341456.9546.361.890.841.05
NetherlandsAMSTERDAM 2632161679861.4049.381.690.651.04
ItalyBORSA 92365787275762.8247.521.940.901.03
GermanyXETRA 105316786340864.5050.181.780.761.03
UKLSE 2411117146.0663.961.150.141.02
Austria WIENERBORSE 2181187054.1359.321.220.221.00
Greece ATHENS 2391267552.7259.521.180.230.95
ItalyBORSA 2361337756.3657.891.160.230.92
FrancePARIS 2361337756.3657.891.160.230.92
IndiaNSE 1491005067.1150.001.100.200.90
PakistanKSE 2711699462.3655.621.020.140.88
SpainIBEX 2861599455.5959.121.040.180.86
IndonesiaIDX 142885361.9760.231.080.230.85
NorwayOSE 2071287461.8457.811.020.170.84
PortugalLISBON 2191146852.0559.651.030.180.84
SwitzerlandSIX 46412885141862.1649.151.470.630.84
South KoreaKOSDAQ 2161266758.3353.170.980.220.75
GermanyXETRA 1761055959.6656.190.940.190.75
FOREXFOREX 2951899264.0748.680.990.250.74
CanadaTSX 2331257153.6556.800.910.180.74
NetherlandsAMSTERDAM 2061196757.7756.300.870.170.70
BelgiumBRUSSELS 2061196757.7756.300.870.170.70
PhilippinesPSE 2691549957.2564.290.800.140.66
ChileBCS 2231297357.8556.590.890.260.64
JapanTOKYO 2071196057.4950.420.820.190.62
SingaporeSGX 74803952144952.8336.662.051.440.61
IsraelTASE 2661428253.3857.750.870.270.60
MalaysiaBURSA 2601508257.6954.670.860.270.59
SwedenSTOCKHOLM 2001216260.5051.240.810.220.59
UAEUAE 51727215152.6155.510.730.160.57
ChinaSSE 2141055849.0755.240.750.210.54
TaiwanGTSM 1871075757.2253.270.700.170.53
AustraliaASX 2451427457.9652.110.770.250.52
Poland GPW 2511347553.3955.970.720.200.51
SwitzerlandSIX 2261327158.4153.790.650.160.49
ThailandSET 3201537847.8150.980.630.180.46
DenmarkCOPENHAGEN 1991125956.2852.680.610.160.45
USOTCBB 48261254.1746.154.464.040.42
Hong KongHKEX 2231226354.7151.640.530.120.41
USFOREX 65332817950.2354.570.550.160.39
USPREFERRED 48813246148366.5045.690.720.350.37
Vietnam HOSE 2551527159.6146.710.580.210.37
SingaporeSGX 3191948960.8245.880.480.120.37
BangladeshDSE 2131385664.7940.580.410.180.23
JordanASE 92246714250.6530.411.451.91-0.46
Patterns Total: How many of this particular pattern has been detected in this period
Confirmed Total: How many of the detected patterns were confirmed and converted into signals
Profitable Signals: The number of the confirmed patterns that have given profitable trades
Confirmation %: The percentage of the confirmed patterns with respect to the total occurrences of this pattern
Profitable Signal %: The percentage of the successful confirmed patterns with respect to the total confirmed patterns
Per Trade Profit %: Total Profits / Total Trades
Per Trade Loss %: Total Losses / Total Trades
Per Trade Net%: (Total Profits–Total Losses) / Total Number of Trades
Samples: Live sample ticker symbols from stock exchanges with links to stock pages of the related bulls.com© family websites

Disclaimers:

Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

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