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 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
ArgentinaBUE 31821615367.9270.836.070.205.88
ArgentinaBUE 32331927114960.5058.747.021.385.64
EgyptEGX 3259161893149.6557.545.991.084.91
USOTC PINK 2542713268550954.6739.637.763.744.02
Vietnam HNX 46532436124252.3550.995.011.413.59
CanadaCSE 5103230190245.0939.207.464.113.35
USNASDAQ 49497284751413657.6349.564.841.583.26
South KoreaKOSDAQ 2852815241805253.4252.834.321.153.16
PakistanKSE 48752619126253.7248.194.521.483.05
Vietnam HOSE 80714337237753.7454.813.640.932.71
ChileBCS 132669538252.4154.963.440.742.69
IsraelTASE 99145247288353.0954.783.681.052.63
CanadaTSX-V 162527634305246.9739.985.783.352.44
BangladeshDSE 90244494199849.8044.463.661.252.41
JapanSAPPORO 34231167.6547.833.701.352.35
TaiwanGTSM 2102911604584055.4050.133.110.862.25
ChinaSZSE 48751267671387354.9151.833.291.072.22
TurkeyBIST 23817210672.2761.632.350.272.09
BrazilBOVESPA 161539392468458.1449.873.030.972.06
KuwaitKSE 2556134065052.4348.513.091.082.01
AustraliaASX 4188221253895850.7442.154.302.341.97
South KoreaKRX 2482813520690154.4551.042.860.901.96
RussiaMICEX 45125613956.7654.302.290.351.94
Hong KongHKEX 4250220981857949.3640.893.821.901.92
CanadaTSX 2605114983741357.5149.482.931.041.89
ChinaSSE 41865230801175055.1350.912.840.981.86
TaiwanTWSE 2865016216829356.6051.142.560.751.82
MalaysiaBURSA 2947114771633850.1242.913.561.751.81
USAMEX 80464864234960.4548.292.871.111.76
PhilippinesPSE 60003072134751.2043.852.991.291.70
MexicoBMV 36752139107058.2050.022.931.301.63
JapanTOKYO 71071420442042659.1648.582.480.971.51
OmanMSM 58423410241.4442.152.671.221.44
The World 108170339976719613954.4333.312.300.881.42
USNYSE 50540315421623462.4151.472.160.821.34
QatarQE 113058527151.7746.321.980.771.21
PakistanKSE 55032619459.2759.511.350.181.17
JapanNAGOYA 102558022056.5937.931.760.800.96
IndiaNSE 34821910662.9348.401.170.240.94
BrazilBOVESPA 35020711659.1456.041.260.380.88
FOREXFOREX 59637119462.2552.291.150.310.84
ChileBCS 43925715458.5459.921.020.210.80
MexicoBMV 58431016153.0851.941.090.320.77
Greece ATHENS 51527114252.6252.400.990.270.72
Austria WIENERBORSE 44624613155.1653.250.970.270.70
Poland GPW 56631117054.9554.660.890.210.68
NorwayOSE 41826014362.2055.000.880.220.67
FrancePARIS 47826814356.0753.360.940.280.66
ItalyBORSA 47726814356.1853.360.940.280.66
JapanTOKYO 43025013258.1452.800.890.230.66
JapanFUKUOKA 2531566861.6643.591.430.790.64
SingaporeSGX 110205480197649.7336.062.231.590.64
GermanyXETRA 36622112060.3854.300.760.180.59
UAEUAE 157970935744.9050.350.790.210.59
South KoreaKOSDAQ 45128114062.3149.820.800.230.57
IndonesiaIDX 3231939859.7550.780.810.260.55
SwedenSTOCKHOLM 45827714160.4850.900.800.250.55
BelgiumBRUSSELS 41824413158.3753.690.720.170.55
NetherlandsAMSTERDAM 41824413158.3753.690.720.170.55
TaiwanGTSM 45326013557.4051.920.710.170.54
IsraelTASE 58331816154.5550.630.860.320.54
PhilippinesPSE 53930818857.1461.040.690.160.54
PortugalLISBON 55124813245.0153.230.810.270.53
UKLSE 67032817248.9652.440.710.180.53
CanadaTSX 73130714742.0047.880.860.330.53
SpainIBEX 68033617549.4152.080.790.270.52
ThailandSET 62632916852.5651.060.700.190.51
SwitzerlandSIX 51430115158.5650.170.670.170.50
DenmarkCOPENHAGEN 45925813456.2151.940.690.190.50
AustraliaASX 57134919561.1255.870.710.230.47
USFOREX 133165734449.3652.360.630.190.43
USOTCBB 48261254.1746.154.464.040.42
Hong KongHKEX 60930114249.4347.180.550.180.38
BangladeshDSE 53634613864.5539.880.560.190.37
MalaysiaBURSA 55132515658.9848.000.630.260.37
Vietnam HOSE 54532115358.9047.660.510.230.28
SingaporeSGX 80245820357.1144.320.410.140.28
ChinaSSE 46823911451.0747.700.520.290.23
JordanASE 92549017152.9734.901.711.650.07
PortugalLISBON 63113456.261.130.080.030.05
Poland GPW 121535150.470.020.020.000.02
DenmarkCOPENHAGEN 261513757.320.470.030.010.02
Austria WIENERBORSE 152214760.250.760.030.010.01
UAEUAE 173413353.630.320.020.010.01
ItalyBORSA 1549213861.840.080.000.000.00
ThailandSET 3604615547.460.030.000.000.00
IndonesiaIDX 2367612547.250.040.000.000.00
SwedenSTOCKHOLM 179259353.200.030.000.000.00
UKLSE 70193381844.780.060.000.000.00
FrancePARIS 1703710552.910.060.000.000.00
USPREFERRED 606124762.580.180.010.000.00
NetherlandsAMSTERDAM 414512562.340.190.000.000.00
IndiaBSE 461648555.140.020.000.000.00
IndiaNSE 375629454.660.020.000.000.00
RussiaMICEX 43800055.660.000.000.000.00
TurkeyBIST 134916156.990.010.000.000.00
USWARRANTS 10860048.250.000.000.000.00
SwitzerlandSIX 75950061.690.000.000.000.00
BelgiumBRUSSELS 21930054.130.000.000.000.00
GermanyXETRA 218790062.780.000.000.000.00
SpainIBEX 27950054.530.000.000.000.00
Greece ATHENS 20610053.950.000.000.000.00
Saudi ArabiaTADAWUL 52270055.310.000.000.000.00
NorwayOSE 49270052.850.000.000.000.00
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.