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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 55930215954.0352.657.842.994.85
UKLSE 64503300761739546.6857.775.670.984.69
ArgentinaBUE 1809101458856.2257.825.861.334.53
CanadaCSE 4393203979946.4139.198.604.324.27
USOTC PINK 3317817811712854.5239.418.804.604.20
TurkeyBIST 133477139400853.6156.025.020.934.09
ArgentinaBUE 22414910966.5273.154.130.193.94
IndiaNSE 3091716867918954.6454.405.041.123.92
IndiaBSE 37711209801076955.6551.325.081.393.69
IndonesiaIDX 155867676356149.2546.394.761.203.56
South KoreaKOSDAQ 2526713432736153.2254.744.411.033.38
USNASDAQ 47546276641447858.3452.204.681.313.37
PakistanKSE 42762365118955.3150.274.661.333.33
Poland GPW 108585320258149.0548.464.671.453.22
EgyptEGX 2578129168550.0853.064.501.293.22
Greece ATHENS 174997651456.8351.714.381.233.15
Vietnam HNX 3984204596351.3347.094.581.443.13
SwedenSTOCKHOLM 164769011435154.8348.164.611.503.11
IsraelTASE 68983830219755.6057.293.990.913.08
Vietnam HOSE 78734003212050.8452.963.920.972.94
BrazilBOVESPA 111286509322958.6249.503.781.132.66
KuwaitKSE 2448129761152.9847.113.751.222.53
BangladeshDSE 100335257246252.4046.833.681.152.53
NorwayOSE 44802481121255.4748.774.001.482.52
CanadaTSX-V 147067370288950.1239.206.043.582.47
The World 100497655474127722455.2749.913.671.242.43
Austria WIENERBORSE 48631818665.4358.493.411.002.41
JapanSAPPORO 34231167.6547.833.701.352.35
AustraliaASX 3661019176842152.3843.924.452.122.33
South KoreaKRX 2219611901628053.6252.773.130.802.33
Saudi ArabiaTADAWUL 48112741149056.9754.362.970.702.27
Hong KongHKEX 4680723235969749.6441.733.941.742.20
SpainIBEX 2583142469155.1348.533.251.062.19
TaiwanGTSM 2110711577575754.8549.733.010.862.15
ChileBCS 147377140852.3452.922.840.702.14
RussiaMICEX 60463270151255.2445.273.010.992.03
USAMEX 71004217208159.4249.323.081.072.01
PhilippinesPSE 60083131139952.1144.683.211.231.97
ThailandSET 3122115042644148.1842.823.221.261.96
ChinaSZSE 43264242501232056.0550.803.121.161.96
MalaysiaBURSA 2790713545590148.5443.573.511.551.95
FrancePARIS 172709581496055.4851.772.660.811.85
JapanTOKYO 69899416352079059.5649.932.780.971.82
CanadaTSX 2785516578794259.5647.872.791.021.77
DenmarkCOPENHAGEN 2667154668157.9744.052.971.221.75
ChinaSSE 3137617593895256.0750.882.680.971.71
TurkeyBIST 1841338372.2862.411.960.261.70
TaiwanTWSE 2869516172814756.3650.382.400.701.69
MexicoBMV 3221191295359.3649.842.631.011.62
PortugalLISBON 58633315156.8345.352.591.041.55
USNYSE 49422313711660563.5052.912.230.761.47
OmanMSM 58423410241.4442.152.671.221.44
UAEUAE 137376032555.3542.762.511.071.44
SwitzerlandSIX 70954399219862.1349.861.960.631.33
BelgiumBRUSSELS 2370132762755.9947.252.110.821.29
ItalyBORSA 143049051433863.2847.932.100.821.28
GermanyXETRA 1704410910558464.0851.131.950.711.24
NetherlandsAMSTERDAM 39262420120562.2849.281.870.631.24
JapanNAGOYA 89150322556.9044.382.130.891.23
QatarQE 99353623053.9842.912.090.881.22
BrazilBOVESPA 1951288365.6464.841.480.271.21
IndiaNSE 2341567766.6749.361.380.241.15
RussiaMICEX 34419610156.9851.531.470.361.11
JapanFUKUOKA 2111255659.2444.801.800.761.04
FOREXFOREX 45628314162.0649.821.410.430.99
MexicoBMV 34619410556.0754.121.250.270.97
SingaporeSGX 110015743214552.2037.352.481.510.97
Austria WIENERBORSE 3031659254.4655.761.060.210.85
ChileBCS 31517410655.2460.921.060.230.83
ItalyBORSA 32618210055.8354.951.020.220.80
FrancePARIS 32718210055.6654.951.020.220.80
Greece ATHENS 34318610354.2355.381.010.220.80
PakistanKSE 39824213460.8055.370.960.170.79
PortugalLISBON 3601609244.4457.500.950.180.78
IndonesiaIDX 2191337360.7354.890.960.210.75
NorwayOSE 30418810961.8457.980.940.190.74
GermanyXETRA 2471478159.5155.100.860.160.70
JapanTOKYO 2971749458.5954.020.890.190.70
UKLSE 41121011851.0956.190.830.150.68
SpainIBEX 46623813151.0755.040.870.210.66
UAEUAE 74938421151.2754.950.820.160.65
South KoreaKOSDAQ 31420310664.6552.220.860.210.65
BelgiumBRUSSELS 2881679157.9954.490.780.140.64
NetherlandsAMSTERDAM 2881679157.9954.490.780.140.64
ThailandSET 44722612250.5653.980.730.150.59
USPREFERRED 58623860191365.8549.560.970.380.58
TaiwanGTSM 2711588258.3051.900.730.170.56
PhilippinesPSE 36120912857.8961.240.720.170.55
AustraliaASX 33920911461.6554.550.770.230.54
IsraelTASE 39021211154.3652.360.810.270.53
Poland GPW 36019810955.0055.050.670.180.48
SwitzerlandSIX 33319310157.9652.330.620.150.47
SwedenSTOCKHOLM 2901688657.9351.190.680.240.45
CanadaTSX 4281989846.2649.490.750.310.44
USOTCBB 48261254.1746.154.464.040.42
MalaysiaBURSA 39123111259.0848.480.680.260.42
USFOREX 93547826351.1255.020.580.160.42
DenmarkCOPENHAGEN 2721567757.3549.360.580.180.40
Hong KongHKEX 3321909457.2349.470.490.140.36
Vietnam HOSE 37723010961.0147.390.530.210.32
ChinaSSE 3191607950.1649.380.580.260.32
SingaporeSGX 49429913660.5345.480.410.110.29
BangladeshDSE 3492318966.1938.530.410.180.23
JordanASE 110958819153.0232.481.561.73-0.17
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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