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 59291749.1558.6211.481.669.83
CanadaCSE 201288133644.7837.298.444.264.18
UKLSE 41258187501071745.4757.134.960.973.99
ArgentinaBUE 1721107863.9570.914.130.243.89
Greece ATHENS 94054929258.4053.194.551.313.24
ArgentinaBUE 87947025853.7054.664.321.263.07
USOTC PINK 177619675378654.7638.937.414.363.05
TurkeyBIST 93974884254651.9752.133.970.963.01
IndonesiaIDX 86374295192649.7344.844.221.223.00
PakistanKSE 2578139867854.2348.504.341.412.93
EgyptEGX 176387144449.4050.984.231.312.92
BrazilBOVESPA 50272953150359.0450.643.991.102.89
IndiaNSE 2001510694556453.5051.964.141.262.89
South KoreaKOSDAQ 153197885423851.5353.693.791.032.76
IndiaBSE 2442213405652554.9148.664.201.462.74
USNASDAQ 3033517384899057.5851.473.941.232.71
SwedenSTOCKHOLM 95955247248154.6847.284.081.432.65
IsraelTASE 34981840101252.6055.003.590.972.62
Vietnam HOSE 50532482123949.1249.923.561.072.49
JapanSAPPORO 34231167.6547.833.701.352.35
BangladeshDSE 65483494165553.3647.373.401.102.29
KuwaitKSE 153978434050.9443.373.521.432.09
NorwayOSE 2779155874356.4647.363.621.612.01
TaiwanGTSM 130547014352053.7450.182.840.842.00
USAMEX 43232549123058.9648.253.191.201.99
RussiaMICEX 3044163974154.0445.053.061.111.95
Poland GPW 64933019141446.5646.773.361.411.95
The World 61611933713416463154.7848.783.171.221.95
ChileBCS 103455328453.4851.362.410.611.80
Austria WIENERBORSE 46729515463.1752.202.600.801.80
JapanNAGOYA 53231415559.0249.362.570.791.78
Hong KongHKEX 3117615242624149.0040.853.481.701.77
South KoreaKRX 144437680394453.2551.282.540.791.75
JapanTOKYO 43513258031289559.3049.972.720.981.74
PhilippinesPSE 3811200886652.6943.132.961.231.73
FrancePARIS 115746331325554.7751.352.460.811.65
SpainIBEX 174398446856.4547.562.791.151.65
Saudi ArabiaTADAWUL 2835163983257.8150.762.420.781.64
AustraliaASX 1954610177438252.1043.033.561.981.57
CanadaTSX-V 85544345158950.9236.485.143.641.49
TaiwanTWSE 1846710292512055.7349.752.120.681.44
Vietnam HNX 2759137855149.9539.993.151.721.43
OmanMSM 4031667141.1942.772.581.171.41
TurkeyBIST 127885469.2961.361.730.341.39
DenmarkCOPENHAGEN 164694242257.2344.802.491.141.35
PortugalLISBON 40223110657.4645.892.371.061.31
ThailandSET 192119169380847.7441.522.541.251.30
ChinaSZSE 2476913729651955.4347.482.561.271.29
UAEUAE 91649922054.4844.092.381.091.28
JapanFUKUOKA 142793355.6341.772.040.761.28
USNYSE 35947227141178463.2451.842.030.771.26
RussiaMICEX 2351327256.1754.551.550.311.23
CanadaTSX 1902111235509259.0745.322.281.051.23
BrazilBOVESPA 141925765.2561.961.480.251.23
MalaysiaBURSA 159517700322748.2741.912.741.531.21
QatarQE 55130512855.3541.972.140.951.19
ChinaSSE 166719272447055.6248.212.211.071.15
MexicoBMV 2111177055.4559.831.320.191.14
BelgiumBRUSSELS 150385339856.7546.661.940.811.13
MexicoBMV 1750101350557.8949.851.980.861.12
NetherlandsAMSTERDAM 2523155277261.5149.741.720.651.07
ItalyBORSA 87675493263362.6647.931.940.881.05
UKLSE 2361086945.7663.891.180.131.05
GermanyXETRA 101126500325164.3349.981.800.761.04
Austria WIENERBORSE 2101156854.7659.131.250.221.03
Greece ATHENS 2301227253.0459.021.200.230.98
ItalyBORSA 2281307557.0257.691.180.230.95
FrancePARIS 2281307557.0257.691.180.230.95
PakistanKSE 2591639162.9355.831.070.130.93
IndonesiaIDX 138845260.8761.901.120.230.89
PortugalLISBON 2071116653.6259.461.060.180.88
SpainIBEX 2701539056.6758.821.050.170.88
SwitzerlandSIX 45022793138162.0449.451.510.640.87
NorwayOSE 2001257162.5056.800.980.180.81
GermanyXETRA 1681025760.7155.880.970.190.78
IndiaNSE 144954665.9748.420.980.200.78
FOREXFOREX 2841829064.0849.451.030.260.77
CanadaTSX 2211196853.8557.140.940.180.76
South KoreaKOSDAQ 2091236658.8553.660.980.220.76
NetherlandsAMSTERDAM 1961156558.6756.520.900.170.74
BelgiumBRUSSELS 1961156558.6756.520.900.170.74
SingaporeSGX 71733804140653.0336.962.101.440.66
PhilippinesPSE 2601479456.5463.950.800.140.66
ChileBCS 2151237157.2157.720.900.250.65
MalaysiaBURSA 2491437957.4355.240.880.260.62
JapanTOKYO 2011165957.7150.860.800.190.61
SwedenSTOCKHOLM 1971186259.9052.540.830.220.61
IsraelTASE 2601387853.0856.520.880.280.60
UAEUAE 49626114652.6255.940.750.160.59
TaiwanGTSM 1761035558.5253.400.710.170.53
Poland GPW 2451317353.4755.730.730.210.53
AustraliaASX 2381387357.9852.900.780.260.52
SwitzerlandSIX 2181246656.8853.230.670.150.52
ChinaSSE 2081015548.5654.460.710.220.50
DenmarkCOPENHAGEN 1891085757.1452.780.610.160.45
Hong KongHKEX 2121176155.1952.140.560.100.45
ThailandSET 3041457247.7049.660.620.190.43
USOTCBB 48261254.1746.154.464.040.42
USFOREX 62531317550.0855.910.580.160.42
Vietnam HOSE 2441476860.2546.260.590.220.37
USPREFERRED 46733133142367.0745.410.730.350.37
SingaporeSGX 3081888761.0446.280.480.110.37
BangladeshDSE 1991345467.3440.300.420.190.23
JordanASE 88844513550.1130.341.471.95-0.47
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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