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
USWARRANTS 135774557.0458.449.141.707.44
CanadaCSE 142562827344.6342.9211.504.067.44
USOTC PINK 1872810117461854.2145.488.963.275.69
UKLSE 45432203601299444.8663.765.650.694.96
ArgentinaBUE 143896162.2468.544.480.224.26
IndiaBSE 2785115560912155.8958.605.211.064.16
IndiaNSE 2129711686708654.9260.585.020.864.15
ArgentinaBUE 93049230852.9062.605.030.904.13
South KoreaKOSDAQ 167738786535552.4760.854.630.773.86
PakistanKSE 30941738100856.1758.004.771.043.73
Greece ATHENS 108163435158.6555.364.791.303.49
BrazilBOVESPA 51612964165657.4355.874.380.953.43
USNASDAQ 31810182331072357.4058.724.170.943.23
USAMEX 37482073112555.3154.274.401.173.23
RussiaMICEX 33941939100957.3451.854.020.923.10
NorwayOSE 2960162285054.8052.404.371.323.05
IsraelTASE 36751941115452.8759.393.870.853.02
SwedenSTOCKHOLM 98155286279253.8652.824.091.112.98
TurkeyBIST 106285444291451.2253.533.890.922.97
IndonesiaIDX 85924157190948.3845.924.001.142.86
Vietnam HOSE 56362808153849.8254.773.881.022.86
Hong KongHKEX 3432316836763749.0545.364.291.522.77
EgyptEGX 194295349649.0752.054.031.312.72
South KoreaKRX 157898505497653.8758.503.270.642.63
Poland GPW 73463404177946.4552.143.831.212.62
The World 65231935412019103854.3253.913.601.012.59
Austria WIENERBORSE 46726616056.9660.153.000.532.47
TaiwanGTSM 135457084392252.3055.363.160.692.47
JapanNAGOYA 56833117558.2752.873.080.642.44
ChinaSZSE 2302612730743955.2958.443.340.942.40
ChileBCS 117962638253.1061.022.780.402.38
BangladeshDSE 72503927196254.1749.963.411.042.37
JapanSAPPORO 34231167.6547.833.701.352.35
CanadaTSX-V 87104451163151.2136.575.653.382.26
Saudi ArabiaTADAWUL 2580142283355.1258.582.830.612.22
JapanFUKUOKA 133754056.3953.332.680.522.16
JapanTOKYO 45785266141450058.1554.462.970.822.16
ChinaSSE 157488885517456.4258.232.840.802.04
PhilippinesPSE 41012093101751.0448.593.061.032.03
AustraliaASX 2080910745493751.6945.903.801.782.02
FrancePARIS 127026777383553.5056.432.620.651.97
UAEUAE 110757726452.1245.752.941.061.88
SpainIBEX 2012111161355.2255.182.850.981.86
PortugalLISBON 47726713755.9751.312.790.941.85
TaiwanTWSE 1919510348556853.9153.812.380.591.79
QatarQE 58231016653.2653.552.360.661.70
DenmarkCOPENHAGEN 1780102150457.3649.362.591.001.60
CanadaTSX 2028411677573957.6349.092.510.931.58
USNYSE 38060237831342962.5056.462.170.591.57
TurkeyBIST 107734868.2265.751.820.271.55
ItalyBORSA 90025538293861.5253.052.180.691.49
RussiaMICEX 2011116655.2259.461.770.281.49
ThailandSET 202589656411047.6742.562.561.101.46
BrazilBOVESPA 120765263.3368.421.700.261.43
KuwaitKSE 199998438149.2238.723.101.671.43
OmanMSM 4371848142.1144.022.671.241.43
MexicoBMV 1888107962557.1557.922.110.691.42
BelgiumBRUSSELS 161692646857.3050.542.080.701.39
NetherlandsAMSTERDAM 2664164586961.7552.832.010.641.38
GermanyXETRA 108266878370363.6053.782.020.671.35
MexicoBMV 1741036259.2060.191.450.181.26
Vietnam HNX 3182155761348.9339.373.251.991.25
MalaysiaBURSA 177368614355148.5741.222.681.541.15
Austria WIENERBORSE 183945851.3761.701.320.211.11
UKLSE 200956347.5066.321.180.111.07
ItalyBORSA 1961056453.5760.951.280.231.05
FrancePARIS 1961056453.5760.951.280.231.05
Greece ATHENS 2011016250.2561.391.260.231.03
SwitzerlandSIX 50393078161461.0852.441.590.581.01
FOREXFOREX 2521619063.8955.901.180.220.96
IndiaNSE 120793965.8349.371.130.190.94
SpainIBEX 2251227654.2262.301.070.140.93
SingaporeSGX 83114292160051.6437.282.311.390.92
IndonesiaIDX 116714561.2163.381.140.230.92
GermanyXETRA 140814857.8659.261.040.190.85
NorwayOSE 1621005961.7359.001.020.170.85
PortugalLISBON 170865350.5961.631.010.160.85
PakistanKSE 2421538263.2253.590.970.140.82
South KoreaKOSDAQ 1851055756.7654.291.020.230.79
BelgiumBRUSSELS 167935555.6959.140.950.160.78
NetherlandsAMSTERDAM 167935555.6959.140.950.160.78
CanadaTSX 1881016253.7261.390.950.180.77
PhilippinesPSE 2251349059.5667.160.830.120.71
SwedenSTOCKHOLM 1721025659.3054.900.860.200.67
JapanTOKYO 166965357.8355.210.840.200.65
IsraelTASE 2211176952.9458.970.930.300.63
AustraliaASX 1991146157.2953.510.880.250.63
UAEUAE 43222212351.3955.410.750.160.59
MalaysiaBURSA 2131256958.6955.200.850.270.58
ChileBCS 1751045959.4356.730.820.250.57
SwitzerlandSIX 175975255.4353.610.680.150.53
Poland GPW 2051136155.1253.980.720.210.50
ChinaSSE 177864648.5953.490.720.230.49
TaiwanGTSM 150864857.3355.810.640.170.47
ThailandSET 2571196546.3054.620.660.190.46
USFOREX 52725914649.1556.370.620.160.46
SingaporeSGX 2551527859.6151.320.560.110.45
DenmarkCOPENHAGEN 167925055.0954.350.620.170.45
USOTCBB 48261254.1746.154.464.040.42
USPREFERRED 47323068149664.8448.760.680.280.39
Hong KongHKEX 1861024954.8448.040.500.110.39
Vietnam HOSE 2051225659.5145.900.590.220.37
BangladeshDSE 1721124665.1241.070.460.170.29
JordanASE 112356317950.1331.791.991.850.14
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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