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 60342156.6761.768.001.296.71
CanadaCSE 143561926043.7641.4010.114.475.64
ArgentinaBUE 148926362.1668.484.350.244.11
UKLSE 3584116377922445.7256.295.000.994.01
PakistanKSE 2264125863955.5750.794.641.283.36
IndonesiaIDX 71773581162249.9045.294.301.213.08
IndiaNSE 173299425495254.4552.494.231.203.02
USOTC PINK 150388166317454.6838.607.384.382.99
IndiaBSE 2135111805588755.3149.854.361.392.97
TurkeyBIST 80994215218052.0451.723.930.972.96
EgyptEGX 154176838949.8450.654.261.332.93
BrazilBOVESPA 42412508125659.1450.084.001.122.88
ArgentinaBUE 75439721553.1853.624.131.252.88
Greece ATHENS 83248224357.9350.414.161.402.76
South KoreaKOSDAQ 132936809364351.2953.433.771.022.75
USNASDAQ 2666215225785857.2451.493.911.232.67
Vietnam HOSE 43142102106148.7350.483.701.082.62
BangladeshDSE 55793051148654.6948.713.651.072.58
IsraelTASE 2962156085452.6754.743.500.982.52
SwedenSTOCKHOLM 81684426207754.1946.933.761.412.35
JapanSAPPORO 34231167.6547.833.701.352.35
USAMEX 3008165576555.0246.223.821.522.30
KuwaitKSE 138968328549.1741.733.711.462.25
NorwayOSE 2425135362955.7946.493.851.682.16
JapanNAGOYA 45826813658.5250.752.870.762.11
ChileBCS 91449726254.3852.722.710.642.07
RussiaMICEX 2542137963754.4546.033.171.132.04
Poland GPW 58352673124045.8646.343.431.471.96
The World 53571129282714210154.7148.493.171.231.95
Austria WIENERBORSE 37222611760.7551.772.750.831.92
TaiwanGTSM 113076009296353.1449.312.780.871.92
JapanTOKYO 37652223191131359.3350.642.780.961.82
Hong KongHKEX 2736013371548748.8741.043.491.691.80
Saudi ArabiaTADAWUL 2379135368456.8750.552.540.821.71
South KoreaKRX 122166533332653.4850.912.500.801.70
SpainIBEX 150284840856.4648.112.881.181.70
JapanFUKUOKA 118612651.6942.622.330.671.66
FrancePARIS 100595499280254.8550.792.460.811.65
PhilippinesPSE 3189169171453.0342.222.891.271.62
CanadaTSX-V 76403913142251.3136.285.283.721.56
TurkeyBIST 112764867.8663.161.820.281.54
DenmarkCOPENHAGEN 141180837857.2646.782.631.111.53
PortugalLISBON 3361949257.7447.422.571.081.49
OmanMSM 3611496541.2743.622.651.161.49
RussiaMICEX 2041146755.8858.771.730.291.44
AustraliaASX 172998955376151.8141.973.482.081.40
BrazilBOVESPA 122785263.9366.671.650.261.40
Vietnam HNX 2484123948849.8839.393.161.771.39
TaiwanTWSE 159878778433754.9149.412.090.701.39
UAEUAE 86746820553.9843.802.431.101.33
ThailandSET 162657760319547.7141.172.511.221.29
USNYSE 32189202101026162.7950.762.020.781.24
MexicoBMV 1891056355.5660.001.420.181.24
CanadaTSX 162419589427759.1044.562.281.071.21
QatarQE 47225811154.6643.022.070.921.15
MalaysiaBURSA 139156719276648.2941.172.701.551.14
Austria WIENERBORSE 1901016153.1660.401.310.211.10
MexicoBMV 148986342457.9649.131.950.881.07
UKLSE 211976445.9765.981.160.101.06
ItalyBORSA 75754732220662.4746.621.970.911.06
BelgiumBRUSSELS 128473534057.2446.261.870.831.04
ItalyBORSA 2051136755.1259.291.260.221.04
FrancePARIS 2051136755.1259.291.260.221.04
Greece ATHENS 2081086551.9260.191.250.221.03
ChinaSZSE 2139711775544855.0346.272.311.301.02
GermanyXETRA 87935671275164.5448.481.780.790.99
IndiaNSE 123814065.8549.381.140.200.94
NetherlandsAMSTERDAM 2171132663461.1247.781.630.710.93
SpainIBEX 2351318055.7461.071.060.140.92
ChinaSSE 141927890371655.5947.102.001.100.91
IndonesiaIDX 122744560.6660.811.090.220.88
NorwayOSE 1721066161.6357.551.060.190.87
PakistanKSE 2471568463.1653.850.980.140.84
PortugalLISBON 180955752.7860.001.000.170.83
SwitzerlandSIX 39042413116461.8148.241.470.650.82
CanadaTSX 1921066555.2161.320.990.170.82
GermanyXETRA 148885059.4656.821.000.180.82
FOREXFOREX 2441567963.9350.641.060.260.80
South KoreaKOSDAQ 1911105957.5953.641.000.220.78
NetherlandsAMSTERDAM 1751005757.1457.000.920.160.76
BelgiumBRUSSELS 1751005757.1457.000.920.160.76
PhilippinesPSE 2291349058.5267.160.860.120.74
SingaporeSGX 64753411124152.6836.382.191.470.72
JapanTOKYO 168975357.7454.640.880.200.68
IsraelTASE 2291196951.9757.980.930.300.63
SwedenSTOCKHOLM 1761045659.0953.850.850.220.63
AustraliaASX 2041186257.8452.540.850.240.61
UAEUAE 44722912951.2356.330.760.160.59
ChileBCS 1821055957.6956.190.840.250.59
Poland GPW 2111166354.9854.310.790.220.58
MalaysiaBURSA 2241337459.3855.640.840.270.57
SwitzerlandSIX 1861055556.4552.380.670.160.50
TaiwanGTSM 158915057.5954.950.670.190.48
ChinaSSE 183894748.6352.810.710.220.48
DenmarkCOPENHAGEN 171985357.3154.080.640.170.47
ThailandSET 2651226646.0454.100.670.200.47
USFOREX 54426414948.5356.440.610.160.45
Hong KongHKEX 1921055254.6949.520.550.100.45
SingaporeSGX 2691628360.2251.230.550.100.44
USOTCBB 48261254.1746.154.464.040.42
Vietnam HOSE 2111245758.7745.970.600.230.37
USPREFERRED 40672669113265.6342.410.690.380.31
BangladeshDSE 1781164965.1742.240.460.170.28
JordanASE 80240812450.8730.391.561.95-0.39
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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