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 49191238.7863.1614.472.1112.37
ArgentinaBUE 1761148164.7771.054.800.254.55
UKLSE 43894198501126645.2956.684.890.983.92
CanadaCSE 229999036744.3735.987.934.423.51
TurkeyBIST 100105238275352.3352.564.080.963.12
Greece ATHENS 98657429558.2251.394.441.393.04
PakistanKSE 2678145770654.4148.464.471.433.04
ArgentinaBUE 88045824853.1852.994.531.493.04
EgyptEGX 183190747049.5451.824.281.292.99
IndonesiaIDX 95804738211449.4644.624.111.232.88
USOTC PINK 1903610322402254.6738.657.214.332.88
IndiaNSE 2102111190583753.2852.114.161.292.87
South KoreaKOSDAQ 162408369452651.6353.983.831.032.81
BrazilBOVESPA 55083224164258.8450.663.801.082.72
IndiaBSE 2567014059685054.7948.714.181.472.71
USNASDAQ 3259118653968257.6451.543.901.232.67
SwedenSTOCKHOLM 103375668267854.8347.254.081.432.66
IsraelTASE 37391978109752.9055.463.580.962.61
Vietnam HOSE 55112694132348.8849.113.451.062.39
JapanSAPPORO 34231167.6547.833.701.352.35
BangladeshDSE 69493671170252.8346.363.341.142.20
Poland GPW 68213163149246.4947.053.381.391.99
KuwaitKSE 164584735551.4941.913.451.491.96
TaiwanGTSM 140467561374053.8349.462.790.851.94
USAMEX 47392798135259.0448.323.151.221.94
The World 65861935960317551254.6948.733.141.221.92
RussiaMICEX 3322179779954.3344.272.971.061.91
NorwayOSE 2927165379456.8547.723.461.551.91
South KoreaKRX 153168159422053.3951.612.540.781.77
Hong KongHKEX 3301716101654048.9340.493.471.721.75
JapanTOKYO 46595276851390359.4250.222.700.971.74
JapanNAGOYA 55132216058.4449.692.550.821.73
Austria WIENERBORSE 53833817962.8352.962.530.801.72
SpainIBEX 1833102948856.1447.422.811.131.68
PhilippinesPSE 4103213390951.9942.622.881.251.62
FrancePARIS 124116755346054.6051.062.430.811.62
AustraliaASX 2091910929469752.3442.893.571.971.59
ChileBCS 107456928952.9850.792.240.641.59
Saudi ArabiaTADAWUL 3089176387857.4649.462.330.781.55
OmanMSM 4131717441.4043.272.611.161.46
Vietnam HNX 2860142757949.9040.573.151.701.45
TaiwanTWSE 1994511119553755.7549.802.110.681.42
TurkeyBIST 130915670.0061.541.750.331.42
CanadaTSX-V 90094519164350.3236.255.043.631.40
ChinaSZSE 2716714914714354.9047.892.631.251.37
UAEUAE 97753523454.7643.742.401.081.32
USNYSE 38612244091273463.2952.112.020.761.26
BrazilBOVESPA 147976165.9962.891.470.241.24
RussiaMICEX 2491387755.4255.801.540.301.23
CanadaTSX 2036511993545858.9245.492.281.051.23
ThailandSET 207879762398846.9640.852.481.271.21
DenmarkCOPENHAGEN 173899843757.4243.792.421.211.20
PortugalLISBON 42624311257.0446.092.190.991.20
MexicoBMV 1834107854558.7850.562.040.841.20
JapanFUKUOKA 156833553.2142.171.950.781.17
ChinaSSE 1851310175490854.9648.242.221.061.16
MalaysiaBURSA 170408193340548.0841.562.721.561.16
QatarQE 60333313855.2241.442.040.951.09
MexicoBMV 2251287556.8958.591.300.211.09
GermanyXETRA 107456903347864.3450.311.790.751.03
BelgiumBRUSSELS 161291441956.7045.841.880.851.03
NetherlandsAMSTERDAM 2698165981461.4949.071.680.661.02
ItalyBORSA 93085836278162.8747.521.860.861.00
Austria WIENERBORSE 2201207154.5559.171.190.220.98
UKLSE 2531187446.6462.711.100.140.97
Greece ATHENS 2431297753.0959.691.150.220.92
IndiaNSE 1521015166.4550.501.100.190.91
FrancePARIS 2381357856.7257.781.130.230.90
ItalyBORSA 2381357856.7257.781.130.230.90
NorwayOSE 2111327862.5659.091.070.170.90
PakistanKSE 2731719462.6454.971.020.140.88
SwitzerlandSIX 47732963146662.0849.481.480.630.84
IndonesiaIDX 147915561.9060.441.050.220.84
SpainIBEX 2921639755.8259.511.010.170.83
PortugalLISBON 2221166952.2559.481.000.180.82
South KoreaKOSDAQ 2211296858.3752.710.950.220.74
GermanyXETRA 1771076060.4556.070.920.190.73
FOREXFOREX 3051929462.9548.960.980.260.72
CanadaTSX 2441297352.8756.590.880.170.71
NetherlandsAMSTERDAM 2081216858.1756.200.840.170.68
BelgiumBRUSSELS 2081216858.1756.200.840.170.68
ChileBCS 2271317657.7158.020.900.260.64
PhilippinesPSE 2741579857.3062.420.780.140.64
JapanTOKYO 2111206056.8750.000.810.200.61
IsraelTASE 2691428152.7957.040.870.270.60
MalaysiaBURSA 2641528357.5854.610.850.260.59
SingaporeSGX 75564003145752.9836.402.021.440.58
SwedenSTOCKHOLM 2031236260.5950.410.800.230.57
UAEUAE 52627815452.8555.400.720.170.56
AustraliaASX 2481467858.8753.420.780.250.53
Poland GPW 2601357651.9256.300.730.200.53
TaiwanGTSM 1891095857.6753.210.690.170.52
ChinaSSE 2171085949.7754.630.730.210.52
SwitzerlandSIX 2301337157.8353.380.650.160.50
ThailandSET 3241547847.5350.650.630.180.45
DenmarkCOPENHAGEN 2011136056.2253.100.590.160.43
USOTCBB 48261254.1746.154.464.040.42
Hong KongHKEX 2251236454.6752.030.540.120.41
USFOREX 66733418350.0754.790.550.160.39
USPREFERRED 49613327155367.0646.680.740.350.39
Vietnam HOSE 2651587459.6246.840.570.220.35
SingaporeSGX 3291998960.4944.720.470.130.35
BangladeshDSE 2171385663.5940.580.410.180.23
JordanASE 90045914051.0030.501.451.87-0.42
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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