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 2231206853.8156.6720.483.2917.18
CanadaCSE 3579167469246.8341.2910.184.335.85
UKLSE 58511272221592546.5658.465.880.974.91
ArgentinaBUE 146078745253.9057.436.081.374.70
USOTC PINK 2806215397627955.0240.678.854.384.47
TurkeyBIST 120056456366653.7856.785.300.924.38
ArgentinaBUE 2051369966.3472.794.450.214.24
IndiaNSE 2828315221814753.8353.514.811.213.59
USNASDAQ 42249246861310958.5053.044.791.303.49
South KoreaKOSDAQ 2272012044663653.0555.064.441.013.43
PakistanKSE 38042098106755.1550.864.751.353.40
IndiaBSE 3433119014957655.3950.354.821.433.39
Poland GPW 95784662231748.6749.704.801.413.39
SwedenSTOCKHOLM 148178177398855.2848.694.781.483.30
IndonesiaIDX 136596665305948.8045.894.481.223.26
IsraelTASE 59063250190855.1058.644.160.923.24
EgyptEGX 2375119462450.2752.264.481.303.18
Greece ATHENS 151085544456.6251.934.461.303.16
Austria WIENERBORSE 33321512764.5659.073.940.952.99
BrazilBOVESPA 90625324273958.9551.274.051.062.99
Vietnam HOSE 75083778195450.3251.723.871.022.85
CanadaTSX-V 126866432254250.7039.526.313.522.79
NorwayOSE 40792276112555.8049.434.121.502.63
Vietnam HNX 3508175777650.0944.174.011.542.47
The World 90986350269125224855.2850.153.671.222.45
KuwaitKSE 2135112750752.7944.993.761.322.44
South KoreaKRX 2022410876574453.7852.813.220.802.42
AustraliaASX 3146116479725652.4643.974.452.082.37
JapanSAPPORO 34231167.6547.833.701.352.35
Saudi ArabiaTADAWUL 42892476133157.7353.763.040.732.30
BangladeshDSE 91944765219751.8546.093.461.172.29
SpainIBEX 2417132965554.9949.293.271.062.22
TaiwanGTSM 1940510596529754.6049.993.020.842.18
USAMEX 62703753187960.0649.893.211.052.16
Hong KongHKEX 4413521934917249.7041.813.871.742.13
ChileBCS 137471437451.9752.382.780.692.09
RussiaMICEX 50542786128755.3046.053.061.032.04
PhilippinesPSE 55842913129352.1744.393.271.252.03
MalaysiaBURSA 2472912050525048.7343.573.471.531.94
ChinaSZSE 39340218951112155.6650.793.081.161.92
FrancePARIS 158318775458055.4352.192.700.801.90
JapanTOKYO 63434376891903259.4150.502.860.961.90
ThailandSET 2845713641575447.9442.183.151.301.85
DenmarkCOPENHAGEN 2383137361357.6244.653.011.211.80
TurkeyBIST 1641187771.9565.252.050.261.79
CanadaTSX 2592115475741359.7947.832.761.011.75
TaiwanTWSE 2658614940756956.1950.662.410.691.72
ChinaSSE 2820615833809156.1351.102.620.981.64
PortugalLISBON 56731914356.2644.832.651.081.58
MexicoBMV 2786163681658.7249.882.571.001.57
USNYSE 45378289101541063.7353.282.260.761.50
OmanMSM 58423410241.4442.152.671.221.44
SwitzerlandSIX 63773954199262.1150.292.020.601.41
JapanNAGOYA 77744319857.0144.702.300.931.37
BelgiumBRUSSELS 2170122056856.2246.562.140.841.31
ItalyBORSA 129128130389062.9647.852.140.841.30
IndiaNSE 2061397267.4851.801.520.221.29
UAEUAE 128470930255.2242.602.391.091.29
NetherlandsAMSTERDAM 35072187109162.3649.891.930.641.29
RussiaMICEX 3131809757.5153.891.610.321.28
BrazilBOVESPA 1711116964.9162.161.530.261.27
GermanyXETRA 151119683494564.0851.071.970.741.23
QatarQE 88847820453.8342.682.130.921.21
MexicoBMV 3131729354.9554.071.310.281.03
Austria WIENERBORSE 2811548854.8057.141.080.210.88
SingaporeSGX 98295169193552.5937.432.341.470.87
JapanFUKUOKA 1771034858.1946.601.560.710.85
IndonesiaIDX 1931207162.1859.171.030.200.83
FrancePARIS 3021699555.9656.211.050.220.83
ItalyBORSA 3011699556.1556.211.050.220.83
PakistanKSE 36722111760.2252.940.980.150.82
Greece ATHENS 3141699653.8256.801.040.210.82
PortugalLISBON 3251498845.8559.060.980.170.81
NorwayOSE 2671649761.4259.150.990.190.80
FOREXFOREX 38924612563.2450.811.010.260.75
JapanTOKYO 2701618959.6355.280.930.180.75
GermanyXETRA 2241367760.7156.620.900.150.74
SpainIBEX 41821412251.2057.010.920.180.74
ChileBCS 2931609354.6158.130.970.240.73
UKLSE 36318910452.0755.030.870.150.72
UAEUAE 67635720152.8156.300.840.150.69
BelgiumBRUSSELS 2621548658.7855.840.820.140.68
NetherlandsAMSTERDAM 2621548658.7855.840.820.140.68
IsraelTASE 33818010253.2556.670.930.250.68
South KoreaKOSDAQ 2871789462.0252.810.890.210.67
ThailandSET 41821211650.7254.720.760.150.61
USPREFERRED 59213918192166.1749.030.990.380.61
TaiwanGTSM 2421427558.6852.820.760.150.61
AustraliaASX 31119210561.7454.690.790.230.56
PhilippinesPSE 32919511859.2760.510.710.170.54
CanadaTSX 3671719046.5952.630.810.270.54
Poland GPW 3171709553.6355.880.710.200.51
SwitzerlandSIX 2991749058.1951.720.650.160.49
MalaysiaBURSA 35020710459.1450.240.730.260.47
SwedenSTOCKHOLM 2541507859.0652.000.700.240.46
Hong KongHKEX 2811638558.0152.150.560.120.44
USFOREX 86144324551.4555.300.590.160.43
USOTCBB 48261254.1746.154.464.040.42
DenmarkCOPENHAGEN 2461437258.1350.350.590.170.41
ChinaSSE 2851447450.5351.390.630.260.38
Vietnam HOSE 33721110362.6148.820.570.210.36
SingaporeSGX 42125611460.8144.530.420.120.30
BangladeshDSE 3122008564.1042.500.470.170.30
JordanASE 101553317052.5131.891.521.74-0.22
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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