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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 49826313652.8151.718.233.185.05
UKLSE 63340295761714046.7557.895.700.984.72
ArgentinaBUE 176097956455.8057.435.861.354.51
CanadaCSE 4305200278346.4839.138.664.374.30
USOTC PINK 3259317540699454.3939.458.844.624.21
TurkeyBIST 130656948389753.3055.965.070.944.14
ArgentinaBUE 21814610766.9773.294.220.194.03
IndiaNSE 3042416614903854.6154.405.051.143.91
IndiaBSE 37023206341054755.7351.115.061.403.67
IndonesiaIDX 152407478345749.0746.224.691.213.48
USNASDAQ 46421270541418258.4352.294.761.313.45
South KoreaKOSDAQ 2493813247724753.1254.714.421.023.40
PakistanKSE 42152330117355.2850.344.711.343.37
Poland GPW 106465217254649.0648.754.731.453.28
Greece ATHENS 170196750756.8552.434.551.303.24
EgyptEGX 2523127267650.4253.144.501.273.23
SwedenSTOCKHOLM 161178831427854.9448.314.651.493.16
IsraelTASE 67363740213955.5857.134.000.923.07
Vietnam HNX 3894198391550.9246.144.471.482.99
Vietnam HOSE 77393917206750.6152.773.900.992.91
BrazilBOVESPA 107966332315658.7849.733.811.102.71
BangladeshDSE 98375162243952.4847.253.721.142.58
NorwayOSE 45102504122855.5948.983.971.462.51
KuwaitKSE 2401126358852.6046.563.681.242.44
The World 98750854551227259955.2949.923.681.242.44
Austria WIENERBORSE 46730617765.5257.843.371.002.37
South KoreaKRX 2197311780622553.6152.843.150.802.35
CanadaTSX-V 144237217279550.0438.735.953.602.35
JapanSAPPORO 34231167.6547.833.701.352.35
AustraliaASX 3586318738822152.2543.874.442.122.32
Saudi ArabiaTADAWUL 47432717147957.2854.443.010.712.30
SpainIBEX 2561141668555.2948.383.241.062.18
Hong KongHKEX 4617322917956249.6341.723.921.742.18
TaiwanGTSM 2080911395566654.7649.723.020.852.16
ChileBCS 145575939952.1652.572.790.712.09
USAMEX 69404130204259.5449.423.091.072.02
ChinaSZSE 42479239101219856.2951.013.131.151.98
PhilippinesPSE 59223081137152.0344.503.211.241.97
ThailandSET 3061514723628548.0942.693.251.281.97
RussiaMICEX 58713194147355.1445.512.940.991.95
MalaysiaBURSA 2736913260575148.4543.373.491.561.93
JapanTOKYO 68487408742050459.6850.162.810.971.84
FrancePARIS 169789426488755.5251.852.650.811.84
DenmarkCOPENHAGEN 2626152467358.0444.162.971.201.77
CanadaTSX 2749216374780359.6047.622.771.021.75
ChinaSSE 3082417363886956.3351.082.680.971.71
TaiwanTWSE 2836115964802556.2950.272.400.701.70
TurkeyBIST 1801297971.6761.241.930.271.66
MexicoBMV 3159187093459.2049.952.591.011.58
PortugalLISBON 57833015057.0945.452.591.051.55
UAEUAE 135174732155.2942.972.531.071.46
USNYSE 48319307011623463.5652.862.220.761.46
OmanMSM 58423410241.4442.152.671.221.44
SwitzerlandSIX 69834331216662.1549.911.950.621.33
JapanNAGOYA 86048922157.3344.832.190.891.31
ItalyBORSA 139988884425263.4747.862.090.811.28
BelgiumBRUSSELS 2325130861656.2647.092.100.821.28
IndiaNSE 2271497565.6450.341.450.211.23
NetherlandsAMSTERDAM 38642384118462.3449.151.850.641.21
GermanyXETRA 1671010712546164.1850.921.920.721.21
BrazilBOVESPA 1891227864.5563.931.480.281.20
JapanFUKUOKA 2091265960.2946.831.910.751.17
QatarQE 96852322054.0342.072.030.891.14
RussiaMICEX 34019410157.0652.061.490.351.14
FOREXFOREX 44727714061.9750.541.450.421.03
MexicoBMV 34119210356.3053.651.250.280.97
SingaporeSGX 108115624208652.0237.092.481.520.96
Austria WIENERBORSE 3001619053.6755.901.060.200.86
PakistanKSE 39023613160.5155.510.970.150.82
IndonesiaIDX 2111297361.1456.590.990.190.80
FrancePARIS 3241789854.9455.061.020.220.80
ItalyBORSA 3231789855.1155.061.020.220.80
Greece ATHENS 34018210153.5355.491.010.210.80
NorwayOSE 29418110761.5659.120.970.190.78
PortugalLISBON 3551569043.9457.690.950.170.78
ChileBCS 3051669854.4359.040.970.240.73
JapanTOKYO 2911719558.7655.560.900.180.73
GermanyXETRA 2441437958.6155.240.850.150.70
UAEUAE 72337321051.5956.300.840.150.69
UKLSE 39019911051.0355.280.840.150.69
SpainIBEX 46023112850.2255.410.870.200.68
NetherlandsAMSTERDAM 2841628957.0454.940.780.140.64
BelgiumBRUSSELS 2841628957.0454.940.780.140.64
South KoreaKOSDAQ 30919810264.0851.520.850.220.64
IsraelTASE 36919610653.1254.080.860.270.60
USPREFERRED 57693798186865.8349.180.980.390.60
ThailandSET 44322312150.3454.260.740.150.59
TaiwanGTSM 2631558158.9452.260.750.170.57
AustraliaASX 32420110962.0454.230.790.230.55
PhilippinesPSE 35220612658.5261.170.720.170.55
CanadaTSX 4101899846.1051.850.790.290.50
Poland GPW 35719510754.6254.870.670.180.48
SwitzerlandSIX 3281899757.6251.320.630.150.48
SwedenSTOCKHOLM 2751638459.2751.530.680.240.44
MalaysiaBURSA 38022511159.2149.330.690.250.44
USFOREX 92147326151.3655.180.580.160.43
USOTCBB 48261254.1746.154.464.040.42
Hong KongHKEX 3101789157.4251.120.530.120.40
DenmarkCOPENHAGEN 2661517656.7750.330.560.180.38
ChinaSSE 3091557850.1650.320.600.250.35
Vietnam HOSE 37022610861.0847.790.540.210.33
SingaporeSGX 47628713360.2946.340.430.110.32
BangladeshDSE 3432288966.4739.040.420.180.24
JordanASE 108557618153.0931.421.481.75-0.28
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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