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 64351954.6954.299.294.604.69
CanadaCSE 2672119947945.1339.729.184.554.63
UKLSE 59146266201530845.1357.345.450.994.46
ArgentinaBUE 1941269164.9572.224.660.224.44
ArgentinaBUE 120765736454.4355.405.861.484.38
TurkeyBIST 137767279388152.8453.324.460.993.47
BrazilBOVESPA 74764374225758.5151.604.451.093.36
IndiaNSE 2839515234797653.6552.364.551.253.30
USOTC PINK 2490513445533354.8339.057.634.373.26
IndiaBSE 3622720058997055.3749.714.581.513.06
South KoreaKOSDAQ 2254811978638553.2253.214.151.113.04
SwedenSTOCKHOLM 137087470360554.4948.264.521.503.01
Poland GPW 92724442214447.9148.274.261.412.85
USNASDAQ 41447240291241257.9851.654.081.292.78
EgyptEGX 2519122262048.5150.744.121.352.78
IsraelTASE 53082847158953.6455.813.831.072.76
PakistanKSE 38942177107655.9149.434.121.422.70
Greece ATHENS 151686142856.7949.714.251.582.66
IndonesiaIDX 127396029267647.3344.393.861.252.61
RussiaMICEX 48552797127557.6145.583.561.122.44
USAMEX 60883612177659.3349.173.551.202.36
JapanSAPPORO 34231167.6547.833.701.352.35
Vietnam HOSE 79733989196250.0349.193.461.122.34
NorwayOSE 39602183104655.1347.923.861.542.32
The World 87458847757923507454.6549.183.431.252.18
South KoreaKRX 2190011825612254.0051.773.030.872.16
Hong KongHKEX 4542522456938749.4641.783.931.772.16
CanadaTSX-V 109475612212851.2737.925.753.652.09
BangladeshDSE 98325150235452.6245.503.271.192.07
TaiwanGTSM 1883110053494953.3949.232.910.872.04
JapanNAGOYA 76044121058.0347.622.820.802.02
SpainIBEX 2534137367654.1849.242.991.081.91
Austria WIENERBORSE 79145324457.2753.862.710.811.90
ChinaSZSE 36208202941009456.0549.743.161.271.89
JapanTOKYO 61393359931822658.6350.642.840.961.88
ChileBCS 149777641351.8453.222.540.661.87
Saudi ArabiaTADAWUL 39122199114256.2151.932.630.761.87
AustraliaASX 2758314413625952.2543.433.892.021.86
FrancePARIS 165818966464754.0751.832.620.821.80
Vietnam HNX 3884193180249.7241.533.321.611.72
PhilippinesPSE 57072863125650.1743.872.911.251.66
ChinaSSE 2579614543730856.3850.252.681.081.59
KuwaitKSE 2515127854050.8242.253.061.481.58
TaiwanTWSE 2669414726726355.1749.322.270.721.55
CanadaTSX 2665415505714458.1746.082.571.061.52
TurkeyBIST 1421026671.8364.711.730.291.43
ThailandSET 2903013735566247.3241.222.741.331.40
MexicoBMV 2602151277858.1151.462.270.871.40
PortugalLISBON 63634816454.7247.132.491.101.39
MalaysiaBURSA 2387911680495448.9142.412.911.571.34
OmanMSM 5682349941.2042.312.691.381.31
RussiaMICEX 2801608657.1453.751.630.331.30
UAEUAE 134272430853.9542.542.541.251.30
USNYSE 46403293201528363.1952.122.040.761.28
BelgiumBRUSSELS 2140122256957.1046.562.120.841.28
BrazilBOVESPA 1621046564.2062.501.530.251.28
NetherlandsAMSTERDAM 35062190106562.4648.631.970.721.25
QatarQE 86045520352.9144.622.140.901.24
MexicoBMV 2591448255.6056.941.430.241.19
GermanyXETRA 145049287468764.0350.471.920.771.15
ItalyBORSA 122367674370162.7248.232.000.851.14
DenmarkCOPENHAGEN 2364137560258.1643.782.361.231.12
SingaporeSGX 100735259193152.2136.722.551.451.10
JapanFUKUOKA 162994661.1146.461.860.841.02
Austria WIENERBORSE 2391327955.2359.851.200.210.98
IndiaNSE 1661085565.0650.931.140.190.95
PakistanKSE 30618810361.4454.791.100.150.94
FrancePARIS 2571478657.2058.501.140.220.92
ItalyBORSA 2571478657.2058.501.140.220.92
Greece ATHENS 2681458654.1059.311.140.220.92
SwitzerlandSIX 65704045198761.5749.121.560.660.90
UKLSE 2811428650.5360.561.030.140.89
PortugalLISBON 2581287849.6160.941.030.170.86
SpainIBEX 33518210854.3359.341.010.180.82
IndonesiaIDX 1741086362.0758.331.030.200.82
NorwayOSE 2391528763.6057.240.990.190.80
GermanyXETRA 1921176860.9458.120.970.170.79
South KoreaKOSDAQ 2431477860.4953.060.960.210.75
BelgiumBRUSSELS 2261347759.2957.460.880.160.72
NetherlandsAMSTERDAM 2261347759.2957.460.880.160.72
ChileBCS 2461408356.9159.290.970.250.72
IsraelTASE 3011579352.1659.240.950.250.69
FOREXFOREX 34321210461.8149.060.960.260.69
JapanTOKYO 2381387157.9851.450.870.200.67
TaiwanGTSM 2181277058.2655.120.800.150.65
PhilippinesPSE 30017210757.3362.210.760.150.62
UAEUAE 59931117151.9254.980.770.160.61
CanadaTSX 2931477950.1753.740.820.210.61
AustraliaASX 2721618759.1954.040.860.250.60
Poland GPW 2861538753.5056.860.740.190.55
MalaysiaBURSA 2901688657.9351.190.810.270.54
SwedenSTOCKHOLM 2271366959.9150.740.760.240.52
ThailandSET 3661829549.7352.200.660.160.49
USPREFERRED 57123737182365.4248.780.840.350.49
SwitzerlandSIX 2591487757.1452.030.660.180.48
Hong KongHKEX 2581477656.9851.700.600.120.48
ChinaSSE 2471246850.2054.840.720.240.48
DenmarkCOPENHAGEN 2201286758.1852.340.630.180.45
USFOREX 76638621450.3955.440.590.160.43
USOTCBB 48261254.1746.154.464.040.42
Vietnam HOSE 3031868661.3946.240.590.220.37
SingaporeSGX 36722210060.4945.050.460.120.34
BangladeshDSE 2611646962.8442.070.490.160.33
JordanASE 123562119350.2831.081.872.01-0.13
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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