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
USWARRANTS 58251843.1072.0017.441.6415.80
ArgentinaBUE 1811188465.1971.194.670.244.43
UKLSE 56806255481455945.0456.905.030.994.04
CanadaCSE 2609112443444.5037.388.274.563.71
ArgentinaBUE 111860432854.0354.304.981.513.47
TurkeyBIST 133677003366952.3952.394.201.013.19
BrazilBOVESPA 71904192213058.3050.814.211.123.09
IndiaNSE 2752314729766553.6851.884.311.283.03
South KoreaKOSDAQ 2194111567615152.7753.124.141.113.03
USOTC PINK 2438513057509754.3738.447.354.372.97
IndiaBSE 3518619475958155.3749.174.351.522.83
SwedenSTOCKHOLM 132127219342254.6447.404.191.472.73
IsraelTASE 49242636145653.5555.213.731.062.67
Greece ATHENS 140680739857.4049.324.211.582.62
USNASDAQ 40455233821193857.8351.033.841.272.57
PakistanKSE 38132108102255.2848.484.051.482.56
IndonesiaIDX 123615865257347.4543.873.821.262.56
EgyptEGX 2408115957748.1349.783.771.342.44
RussiaMICEX 45952659119557.8744.943.491.122.37
JapanSAPPORO 34231167.6547.833.701.352.35
Poland GPW 88344180198547.3247.493.741.442.30
NorwayOSE 37862098100955.4148.093.761.502.26
Vietnam HOSE 75793768183549.7248.703.321.112.21
Hong KongHKEX 4336621407893149.3841.713.921.752.18
USAMEX 60213566173859.2948.683.351.222.12
BangladeshDSE 92844933225253.1345.653.231.182.05
The World 84587046077522461054.5348.703.261.252.01
South KoreaKRX 2113311363585153.7751.492.830.871.96
JapanNAGOYA 74843720958.4247.832.720.771.94
TaiwanGTSM 181109617467853.1048.642.810.881.93
JapanTOKYO 59469347651741558.4650.092.730.971.76
Saudi ArabiaTADAWUL 37272087106556.0051.032.520.761.76
Austria WIENERBORSE 71141922658.9353.942.540.791.76
ChinaSZSE 3343918599906755.6248.753.041.301.73
SpainIBEX 2467135365754.8448.562.831.111.72
FrancePARIS 160048670445154.1751.342.500.801.70
ChileBCS 149277340051.8151.752.330.651.68
CanadaTSX-V 106375396199050.7936.835.313.681.64
PhilippinesPSE 53752690117050.0543.492.821.241.58
AustraliaASX 2640813769584252.1842.403.542.031.52
Vietnam HNX 3698181775049.1341.283.121.621.50
KuwaitKSE 2455125251451.0041.052.981.521.47
TaiwanTWSE 2587914182690454.8048.682.170.721.45
ChinaSSE 2366413239651755.9549.232.551.111.44
TurkeyBIST 134956070.9063.161.730.321.41
OmanMSM 5492269441.1741.592.661.251.41
CanadaTSX 2596015086682858.1145.262.391.061.33
UAEUAE 129869729453.7042.182.561.231.33
MalaysiaBURSA 2283311060462648.5441.742.751.521.23
USNYSE 46377292831519663.1451.891.980.761.22
PortugalLISBON 60633215554.7946.692.241.031.21
JapanFUKUOKA 1971175559.3947.012.000.791.21
BelgiumBRUSSELS 2019115152757.0145.792.030.821.21
BrazilBOVESPA 1581026364.5661.761.410.251.16
MexicoBMV 2448141472157.7650.991.980.861.12
QatarQE 81243118853.0843.622.020.901.12
NetherlandsAMSTERDAM 33902106100262.1247.581.850.731.12
RussiaMICEX 2661518056.7752.981.420.321.11
ThailandSET 2778812985524346.7340.382.411.311.10
ItalyBORSA 117027348352662.7947.991.950.841.10
DenmarkCOPENHAGEN 2266130857057.7243.582.321.221.10
MexicoBMV 2371337756.1257.891.280.221.06
GermanyXETRA 138968897445564.1849.951.830.771.06
Austria WIENERBORSE 2271277555.9559.061.210.211.00
Greece ATHENS 2521378154.3759.121.180.230.95
UKLSE 2691318248.7062.601.060.120.94
ItalyBORSA 2451428257.9657.751.150.230.93
FrancePARIS 2451428257.9657.751.150.230.93
IndiaNSE 1571035265.6150.491.080.180.89
PortugalLISBON 2331227352.3659.841.040.170.87
SpainIBEX 30817310256.1758.961.020.160.86
PakistanKSE 2801759562.5054.290.990.150.84
NorwayOSE 2241408162.5057.861.010.190.82
SwitzerlandSIX 62923892189061.8648.561.470.660.81
IndonesiaIDX 156995963.4659.601.000.200.80
GermanyXETRA 1831136461.7556.640.960.180.79
NetherlandsAMSTERDAM 2161297359.7256.590.880.160.73
BelgiumBRUSSELS 2161297359.7256.590.880.160.73
FOREXFOREX 3212019862.6248.761.000.270.73
South KoreaKOSDAQ 2281387260.5352.170.910.220.70
CanadaTSX 2651367751.3256.620.860.180.68
IsraelTASE 2791498553.4157.050.950.270.68
JapanTOKYO 2201276457.7350.390.870.200.68
ChileBCS 2321337857.3358.650.920.260.67
PhilippinesPSE 28216010056.7462.500.780.140.63
SingaporeSGX 99695176186651.9336.042.081.460.62
UAEUAE 54528815952.8455.210.720.160.56
MalaysiaBURSA 2781598457.1952.830.820.260.55
SwedenSTOCKHOLM 2131276259.6248.820.770.240.53
TaiwanGTSM 1931126158.0354.460.690.160.53
Poland GPW 2701458153.7055.860.710.190.52
AustraliaASX 2601538058.8552.290.760.250.51
DenmarkCOPENHAGEN 2091216657.8954.550.640.160.48
SwitzerlandSIX 2411427658.9253.520.630.160.47
ChinaSSE 2311176250.6552.990.690.230.46
ThailandSET 3391658448.6750.910.610.170.44
USOTCBB 48261254.1746.154.464.040.42
USFOREX 69135419551.2355.080.550.160.38
USPREFERRED 59623916185365.6847.320.720.340.38
Vietnam HOSE 2771698161.0147.930.590.210.38
Hong KongHKEX 2411357056.0251.850.500.130.37
SingaporeSGX 3472109660.5245.710.470.120.35
BangladeshDSE 2291476064.1940.820.420.170.25
JordanASE 122661419050.0830.941.811.99-0.18
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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