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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 74335717748.0549.5816.363.6812.68
USWARRANTS 122704157.3858.578.361.816.54
USOTC PINK 139637673356554.9546.469.473.226.26
UKLSE 35836162591055045.4464.795.870.685.18
IndiaNSE 169869490590655.8762.235.440.814.63
IndiaBSE 2266212928782457.0560.525.610.994.63
ArgentinaBUE 66837624556.2965.165.270.744.53
PakistanKSE 2570150089058.3759.335.190.994.20
JapanFUKUOKA 99613961.6263.934.480.464.02
Greece ATHENS 76546226360.3956.935.391.384.00
South KoreaKOSDAQ 135447226441953.3561.154.700.743.95
BrazilBOVESPA 38432223126857.9556.944.640.993.65
RussiaMICEX 2606153283058.7954.184.430.893.54
NorwayOSE 2339129967455.5451.894.631.273.36
USNASDAQ 2452414329854258.4759.574.220.923.30
IsraelTASE 2735150189854.8859.834.040.823.22
IndonesiaIDX 62633044142848.6046.914.271.093.18
EgyptEGX 157876940248.7352.284.411.303.11
Hong KongHKEX 2714913493629049.7046.624.511.433.07
TurkeyBIST 84284424236652.4953.483.890.892.99
Austria WIENERBORSE 34719912957.3564.823.340.372.97
Poland GPW 60702917154748.0753.024.001.202.81
Vietnam HOSE 44742253117250.3652.023.931.132.80
The World 50898728112715407655.2654.783.760.982.78
CanadaTSX-V 63743313127351.9838.426.063.302.76
SwedenSTOCKHOLM 72733925203954.3951.543.921.162.76
JapanNAGOYA 44125814658.5056.593.300.592.71
ChileBCS 90248229653.4461.413.110.402.70
South KoreaKRX 124166696393253.9858.673.310.632.68
USAMEX 36702135115158.2053.893.691.032.65
BangladeshDSE 55703066157455.0451.343.580.992.59
TaiwanGTSM 104255467304552.4455.703.200.682.52
ChinaSZSE 162369237547456.8959.263.380.902.48
AustraliaASX 151887987378252.5947.354.101.692.41
Saudi ArabiaTADAWUL 1916105963955.2760.343.050.652.40
ArgentinaBUE 108634258.3366.672.600.222.38
JapanSAPPORO 34231167.6547.833.701.352.35
JapanTOKYO 35812212741173659.4155.163.110.802.32
UAEUAE 87946021952.3347.613.261.062.20
ChinaSSE 110766377374057.5758.652.930.792.14
FrancePARIS 97215350307355.0457.442.770.632.14
PhilippinesPSE 3204164581151.3449.303.161.032.13
SpainIBEX 163292249956.5054.122.921.031.90
CanadaTSX 154578952451357.9350.402.760.901.86
TaiwanTWSE 147697967427453.9453.652.410.581.82
QatarQE 42823312854.4454.942.480.701.78
BelgiumBRUSSELS 130777141358.9953.572.370.661.71
ItalyBORSA 69684378239962.8354.802.390.681.71
USNYSE 29532187811075763.6057.272.280.591.69
RussiaMICEX 156915258.3357.141.910.261.65
PortugalLISBON 37721611357.2952.312.781.141.64
MexicoBMV 154088151157.2158.002.330.691.63
NetherlandsAMSTERDAM 2044129870863.5054.552.220.631.59
TurkeyBIST 92674472.8365.671.810.221.58
ThailandSET 154207537325348.8843.162.621.071.55
GermanyXETRA 84025492302365.3755.042.190.681.51
OmanMSM 3571486741.4645.272.681.221.46
DenmarkCOPENHAGEN 142684042558.9150.602.521.091.44
Vietnam HNX 2854135351347.4137.923.392.001.39
BrazilBOVESPA 102644162.7564.061.630.311.31
MexicoBMV 133834862.4157.831.520.221.30
MalaysiaBURSA 141757125299950.2642.092.701.421.27
Austria WIENERBORSE 134674250.0062.691.460.211.25
KuwaitKSE 167881930048.8136.632.961.731.22
Greece ATHENS 150734548.6761.641.380.231.15
ItalyBORSA 145764652.4160.531.360.241.12
FrancePARIS 145764652.4160.531.360.241.12
SwitzerlandSIX 38342397128962.7553.571.680.581.10
SingaporeSGX 67413542140152.5439.552.451.381.07
UKLSE 149754850.3464.001.170.111.07
IndiaNSE 92633468.4853.971.220.171.05
IndonesiaIDX 86573766.2864.911.260.231.04
CanadaTSX 132694652.2766.671.170.171.00
NorwayOSE 116794568.1056.961.110.150.96
FOREXFOREX 2031337765.5257.891.100.200.89
SpainIBEX 171895452.0560.671.020.160.87
PortugalLISBON 129623848.0661.291.020.180.84
South KoreaKOSDAQ 148834356.0851.811.080.250.83
IsraelTASE 173875350.2960.921.020.240.78
GermanyXETRA 105573254.2956.141.000.230.77
PhilippinesPSE 1771137763.8468.140.880.120.77
SwedenSTOCKHOLM 128754158.5954.670.910.190.72
NetherlandsAMSTERDAM 126663752.3856.060.890.200.70
BelgiumBRUSSELS 126663752.3856.060.890.200.70
AustraliaASX 153794151.6351.900.960.270.70
MalaysiaBURSA 167955356.8955.790.980.280.69
ChinaSSE 132643948.4860.940.840.170.67
UAEUAE 32317210553.2561.050.850.180.67
JapanTOKYO 133794259.4053.160.860.220.65
TaiwanGTSM 108694163.8959.420.720.120.61
PakistanKSE 2051306463.4149.230.750.160.59
SingaporeSGX 1761075960.8055.140.700.120.58
SwitzerlandSIX 140784455.7156.410.720.170.55
ChileBCS 141814557.4555.560.800.260.54
USFOREX 40419811849.0159.600.690.180.51
Poland GPW 156844053.8547.620.760.260.50
ThailandSET 202955147.0353.680.680.200.48
Vietnam HOSE 157955060.5152.630.710.220.48
USPREFERRED 37052440121165.8649.630.750.280.47
JordanASE 94848516051.1632.992.241.780.46
Hong KongHKEX 142804156.3451.250.550.110.44
DenmarkCOPENHAGEN 127673652.7653.730.600.160.43
USOTCBB 48261254.1746.154.464.040.42
BangladeshDSE 127853766.9343.530.510.190.32
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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