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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
ArgentinaBUE 127869238954.1556.216.111.464.65
UKLSE 61286277221599945.2557.695.580.994.58
CanadaCSE 2858131352345.9439.839.104.624.48
ArgentinaBUE 1941269164.9572.224.660.224.44
TurkeyBIST 138537325394752.8853.884.610.993.62
USOTC PINK 2752214705588154.5939.147.744.263.48
IndiaNSE 2935915795832253.8052.694.651.233.42
South KoreaKOSDAQ 2349012533675353.3553.884.391.103.29
BrazilBOVESPA 81534747243758.2251.344.281.083.20
IndiaBSE 37283206981033855.5249.954.641.503.14
PakistanKSE 40892293115556.0850.374.531.413.12
SwedenSTOCKHOLM 143477867380954.8348.424.561.483.07
Poland GPW 97574670225247.8648.224.381.442.94
IsraelTASE 56443035171053.7756.343.961.042.92
EgyptEGX 2571125464048.7751.044.221.342.88
USNASDAQ 42828248011282957.9151.734.111.302.82
IndonesiaIDX 132276269279647.4044.603.981.252.73
Greece ATHENS 155888943857.0649.274.101.562.54
NorwayOSE 41442281110755.0448.534.041.512.53
RussiaMICEX 50412900133957.5346.173.631.102.52
Vietnam HOSE 81994117205250.2149.843.501.102.40
JapanSAPPORO 34231167.6547.833.701.352.35
USAMEX 62523719184159.4849.503.501.182.32
South KoreaKRX 2158511595603453.7252.043.180.872.31
USWARRANTS 76452259.2148.896.624.362.27
CanadaTSX-V 115325896226251.1338.365.873.602.26
The World 90480049431524389854.6749.303.511.252.26
Saudi ArabiaTADAWUL 40622308122656.8253.122.960.752.21
Hong KongHKEX 4689223186971149.4541.883.961.772.19
BangladeshDSE 99835261241752.7045.943.341.192.15
TaiwanGTSM 1960410468514253.4049.122.940.882.07
Austria WIENERBORSE 2051367966.3458.093.081.032.05
ChinaSZSE 37648211731063656.2450.233.301.262.05
AustraliaASX 2915415309666452.5143.534.002.031.98
JapanTOKYO 63598373551897858.7450.802.860.961.90
Vietnam HNX 3887194382649.9942.513.491.591.90
SpainIBEX 2591141268754.5048.652.941.091.85
ChileBCS 152478141551.2553.142.460.651.81
JapanNAGOYA 80046421858.0046.982.630.821.81
FrancePARIS 169719187475354.1351.742.620.811.80
KuwaitKSE 2537128955350.8142.903.241.461.78
PhilippinesPSE 59142962130450.0844.022.961.261.70
ChinaSSE 2707515283772456.4550.542.751.071.68
TurkeyBIST 1511107172.8564.551.950.271.67
CanadaTSX 2744016016744558.3746.482.651.061.59
PortugalLISBON 65735816854.4946.932.671.081.59
TaiwanTWSE 2769715280752155.1749.222.280.721.56
MalaysiaBURSA 2487812151515848.8442.453.091.571.52
ThailandSET 3014214251584647.2841.022.741.351.40
OmanMSM 57023510041.2342.552.741.351.39
IndiaNSE 1741135764.9450.441.570.201.36
MexicoBMV 2744158280557.6550.882.260.911.35
UAEUAE 137974332053.8843.072.541.221.32
RussiaMICEX 2871679058.1953.891.630.321.31
USNYSE 47567300141566963.1052.202.040.751.29
BrazilBOVESPA 1641056564.0261.901.510.251.27
BelgiumBRUSSELS 2221127258657.2746.072.110.841.26
SwitzerlandSIX 68324234208061.9749.131.910.661.25
DenmarkCOPENHAGEN 2470143362558.0243.612.481.241.24
QatarQE 89347621353.3044.752.110.881.23
NetherlandsAMSTERDAM 36522286110262.6048.211.950.741.21
ItalyBORSA 127447963382562.4848.032.000.861.14
MexicoBMV 2731488254.2155.411.410.261.14
GermanyXETRA 151959708487063.9950.091.900.781.12
SingaporeSGX 106185489200751.7036.562.551.481.07
Austria WIENERBORSE 2491378155.0259.121.150.200.95
PakistanKSE 32019910462.1952.261.050.150.89
ItalyBORSA 2691528856.5157.891.110.220.89
FrancePARIS 2701528856.3057.891.110.220.89
Greece ATHENS 2801508853.5758.671.100.210.89
UKLSE 3061528949.6758.551.030.150.88
IndonesiaIDX 1771116662.7159.461.050.200.85
PortugalLISBON 2771338048.0160.150.990.170.83
SpainIBEX 35819011253.0758.950.980.170.81
NorwayOSE 2451549062.8658.440.990.190.80
GermanyXETRA 2001227061.0057.380.930.160.76
FOREXFOREX 35522111262.2550.681.010.250.76
JapanFUKUOKA 1761054959.6646.671.580.830.75
South KoreaKOSDAQ 2471517961.1352.320.930.230.71
BelgiumBRUSSELS 2371407959.0756.430.840.150.69
NetherlandsAMSTERDAM 2371407959.0756.430.840.150.69
ChileBCS 2611488656.7058.110.940.250.69
JapanTOKYO 2471437457.8951.750.870.200.67
IsraelTASE 3071609352.1258.130.930.260.67
UAEUAE 62632818552.4056.400.820.160.66
TaiwanGTSM 2271327258.1554.550.800.150.64
PhilippinesPSE 30817710957.4761.580.750.150.60
AustraliaASX 2831699159.7253.850.830.240.59
CanadaTSX 3161558449.0554.190.800.230.57
USPREFERRED 62774102202965.3549.460.920.350.56
Poland GPW 2961599153.7257.230.740.190.55
ThailandSET 38219210250.2653.130.710.160.55
SwedenSTOCKHOLM 2381397158.4051.080.730.240.50
MalaysiaBURSA 3081778757.4749.150.770.280.49
Hong KongHKEX 2661548057.8951.950.580.120.46
SwitzerlandSIX 2691557957.6250.970.630.170.46
ChinaSSE 2571307150.5854.620.690.240.45
USFOREX 79240522651.1455.800.590.160.43
USOTCBB 48261254.1746.154.464.040.42
DenmarkCOPENHAGEN 2281356959.2151.110.610.190.42
Vietnam HOSE 3151989762.8648.990.590.210.38
SingaporeSGX 38223110460.4745.020.450.120.33
BangladeshDSE 2831797863.2543.580.470.150.32
JordanASE 125363019050.2830.161.732.01-0.28
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.