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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 58231639.6669.5713.091.5711.52
ArgentinaBUE 1771158264.9771.304.770.244.52
ArgentinaBUE 124067638654.5257.105.611.414.20
UKLSE 64027281651607844.0057.064.980.974.01
CanadaCSE 2588112241844.9035.978.344.703.64
IndiaNSE 3043616491866554.2352.504.561.283.28
IndiaBSE 40028224471124756.0850.104.681.513.17
South KoreaKOSDAQ 2334612321667252.8154.124.151.033.11
TurkeyBIST 159908321426152.0451.214.001.022.98
PakistanKSE 45312495122455.0749.064.411.542.87
USOTC PINK 2723114547566554.0338.517.174.342.84
IndonesiaIDX 136556521291847.7644.753.851.182.67
BrazilBOVESPA 75984424223558.2350.523.701.072.63
SwedenSTOCKHOLM 140257629359954.4047.184.071.462.61
EgyptEGX 2712131465448.4549.773.851.302.54
USNASDAQ 43918253031301157.6551.393.761.252.52
JapanSAPPORO 34231167.6547.833.701.352.35
Greece ATHENS 150983239855.1447.843.951.602.34
IsraelTASE 53462790149452.3053.433.411.092.33
Hong KongHKEX 49032241211021449.2142.334.031.702.32
NorwayOSE 40082193108254.7249.343.671.432.24
RussiaMICEX 47842709120156.6344.333.411.192.22
Poland GPW 102124852230947.5147.593.641.422.22
Vietnam HOSE 87544350214149.6949.223.271.112.16
The World 92673450290524787854.3049.263.301.222.08
ChinaSZSE 3269618317944456.0251.563.181.152.03
USAMEX 64333734179358.0448.023.241.242.00
JapanTOKYO 67820402992071159.4251.392.920.931.99
BangladeshDSE 107275595258052.1646.113.151.161.99
South KoreaKRX 2203911884626053.9252.682.790.811.98
TaiwanGTSM 2110011159544652.8948.802.830.881.96
SpainIBEX 2765151774354.8648.982.911.071.85
Vietnam HNX 4191205687749.0642.663.471.681.79
Saudi ArabiaTADAWUL 40012240118255.9952.772.460.701.76
JapanNAGOYA 81948823859.5848.772.510.781.73
Austria WIENERBORSE 77045424258.9653.302.510.781.72
FrancePARIS 181539662496153.2351.352.530.811.72
ChinaSSE 2273012727656455.9951.582.670.991.68
PhilippinesPSE 62113147138250.6743.912.901.251.65
ChileBCS 172691247552.8452.082.300.641.65
AustraliaASX 2855214782629951.8442.563.522.011.51
TaiwanTWSE 2973516271800354.7249.192.190.701.48
QatarQE 89847522852.9048.002.320.841.48
ThailandSET 3019214315604147.4142.202.671.211.45
TurkeyBIST 133945970.6862.771.720.321.40
MalaysiaBURSA 2663212909555148.4743.002.831.481.36
OmanMSM 68628111940.9642.352.521.191.33
CanadaTSX-V 114285782206650.6435.705.043.741.30
CanadaTSX 2820916232738357.5445.482.331.051.28
MexicoBMV 2626151079057.5052.322.070.801.27
PortugalLISBON 66836116554.0445.712.351.101.25
USNYSE 50932318321679562.5052.761.960.701.25
NetherlandsAMSTERDAM 35842204108061.5049.001.960.711.25
BrazilBOVESPA 154986163.6462.241.460.241.21
ItalyBORSA 122977560370661.4849.022.030.821.21
BelgiumBRUSSELS 2277128458556.3945.562.040.851.19
RussiaMICEX 2571437855.6454.551.480.321.16
GermanyXETRA 146069283470363.5650.661.920.781.15
UAEUAE 146378232353.4541.302.491.361.14
KuwaitKSE 3129158461350.6238.702.741.621.13
MexicoBMV 2291297556.3358.141.280.211.07
DenmarkCOPENHAGEN 2565146562357.1242.532.241.221.02
Austria WIENERBORSE 2251257455.5659.201.180.220.96
UKLSE 2591227647.1062.301.080.130.95
Greece ATHENS 2491348053.8259.701.150.220.93
IndiaNSE 1551025165.8150.001.090.190.90
FrancePARIS 2431408157.6157.861.120.230.89
ItalyBORSA 2431408157.6157.861.120.230.89
SwitzerlandSIX 68614187205161.0348.981.510.630.89
NorwayOSE 2151347962.3358.961.040.170.87
PakistanKSE 2791749462.3754.020.990.140.85
SpainIBEX 30216910155.9659.761.000.170.83
PortugalLISBON 2291207252.4060.001.000.180.83
IndonesiaIDX 151945562.2558.511.020.210.81
JapanFUKUOKA 2061195557.7746.221.550.800.75
GermanyXETRA 1821116360.9956.760.920.180.74
FOREXFOREX 3111969563.0248.470.970.270.70
South KoreaKOSDAQ 2261367060.1851.470.920.220.70
CanadaTSX 2511327552.5956.820.870.180.69
NetherlandsAMSTERDAM 2141267158.8856.350.840.160.68
BelgiumBRUSSELS 2141267158.8856.350.840.160.68
ChileBCS 2281327757.8958.330.920.260.66
PhilippinesPSE 2801599956.7962.260.770.140.63
SingaporeSGX 119696127229051.1937.382.051.420.63
JapanTOKYO 2131206056.3450.000.810.200.61
IsraelTASE 2741438252.1957.340.870.270.59
MalaysiaBURSA 2681558457.8454.190.830.270.56
UAEUAE 54028515752.7855.090.720.160.55
SwedenSTOCKHOLM 2111276260.1948.820.770.240.53
TaiwanGTSM 1901105957.8953.640.690.160.53
AustraliaASX 2531498058.8953.690.770.250.52
Poland GPW 2651407952.8356.430.710.200.51
SwitzerlandSIX 2341377458.5554.010.660.150.50
ChinaSSE 2251136150.2253.980.710.240.47
ThailandSET 3291578047.7250.960.620.170.45
DenmarkCOPENHAGEN 2061176256.8052.990.590.150.44
USOTCBB 48261254.1746.154.464.040.42
Hong KongHKEX 2361316755.5151.150.510.130.38
USFOREX 68334719050.8154.760.540.170.37
SingaporeSGX 3392039159.8844.830.460.120.34
USPREFERRED 63024172194266.2046.550.670.340.34
Vietnam HOSE 2731647760.0746.950.550.220.33
BangladeshDSE 2241425763.3940.140.410.180.23
JordanASE 167985527250.9231.811.901.810.09
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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