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 48201241.6760.0014.452.2012.25
ArgentinaBUE 1741128064.3771.434.880.234.65
UKLSE 42526192521094845.3256.804.930.983.94
CanadaCSE 211191534144.4836.328.094.423.67
Greece ATHENS 97356529958.0752.924.531.323.21
TurkeyBIST 96295000260751.9352.144.000.973.03
EgyptEGX 178588646149.6452.034.301.293.01
USOTC PINK 182379907385154.6238.667.344.372.97
IndonesiaIDX 89684442197749.5344.514.191.232.96
PakistanKSE 2614142068954.3248.524.321.432.89
IndiaNSE 2037010823558953.2051.574.111.282.83
BrazilBOVESPA 51653010153158.5750.613.891.102.79
South KoreaKOSDAQ 155517999429651.5353.613.791.042.75
ArgentinaBUE 87846525053.8752.854.251.512.74
IndiaBSE 2485413582655554.6648.254.161.482.68
SwedenSTOCKHOLM 98545385254154.6547.194.101.442.66
USNASDAQ 3116217882922657.6851.333.901.252.65
IsraelTASE 36051905104652.8454.913.600.972.63
Vietnam HOSE 51912543126048.9949.553.531.072.46
JapanSAPPORO 34231167.6547.833.701.352.35
BangladeshDSE 66393553168253.5247.343.411.112.30
KuwaitKSE 159982235151.4142.703.561.442.12
NorwayOSE 2855159976156.3947.273.591.601.99
TaiwanGTSM 134217224359953.8349.822.830.851.98
Poland GPW 66613080143846.3946.543.311.391.92
The World 63346934598716841354.6948.613.151.231.92
USAMEX 45052669128959.2548.303.121.201.92
RussiaMICEX 3161170175754.0044.353.021.111.91
South KoreaKRX 147497839403653.2251.412.540.791.75
Austria WIENERBORSE 49531015962.6351.292.570.821.75
ChileBCS 1965104352653.0850.432.390.651.74
Hong KongHKEX 3190215537631948.8740.533.461.721.74
JapanTOKYO 44653264311313159.1949.682.680.981.70
PhilippinesPSE 3911204587652.2942.842.921.251.67
JapanNAGOYA 54132115759.3348.912.530.871.66
FrancePARIS 119356518334454.6851.242.440.811.62
Saudi ArabiaTADAWUL 2907167584057.6250.152.410.791.62
SpainIBEX 1789100747456.2947.072.741.151.59
AustraliaASX 1997210382444452.0242.773.541.981.55
CanadaTSX-V 87984438162950.6536.565.143.631.51
OmanMSM 4071687341.2843.452.671.161.51
TaiwanTWSE 1898210544523155.5549.612.120.691.43
TurkeyBIST 128895569.5361.801.750.331.43
Vietnam HNX 2795140256350.1640.163.121.721.40
UAEUAE 92850522454.4244.362.471.091.39
ChinaSZSE 2579814227682855.1547.992.601.261.35
PortugalLISBON 41623710856.9745.572.311.041.27
ThailandSET 197629365387147.4041.322.531.261.27
JapanFUKUOKA 147813455.1041.982.000.741.26
BrazilBOVESPA 142935865.4962.371.510.251.26
RussiaMICEX 2401367656.6755.881.550.301.25
USNYSE 37035234321213963.3451.752.000.771.23
DenmarkCOPENHAGEN 166095241857.3543.912.411.181.23
CanadaTSX 1953011516520358.9745.182.281.061.22
MexicoBMV 1744102351558.6650.342.050.851.20
MalaysiaBURSA 163897867327148.0041.582.731.561.16
ChinaSSE 174419665465955.4248.202.211.071.13
MexicoBMV 2161237356.9459.351.320.191.13
QatarQE 57131913255.8741.382.060.971.09
BelgiumBRUSSELS 155588240856.7246.261.900.831.08
NetherlandsAMSTERDAM 2585158677861.3549.051.700.661.04
UKLSE 2391107146.0364.551.160.131.04
Austria WIENERBORSE 2111156854.5059.131.240.221.03
GermanyXETRA 104386736337364.5850.041.770.761.01
ItalyBORSA 90655680270262.8247.451.910.901.01
Greece ATHENS 2311227252.8159.021.200.230.97
ItalyBORSA 2291307556.7757.691.180.230.95
FrancePARIS 2291307556.7757.691.180.230.95
PakistanKSE 2661679262.7855.091.040.130.90
IndiaNSE 148994966.8949.491.100.200.90
IndonesiaIDX 141875361.7060.921.090.220.87
PortugalLISBON 2091116653.1159.461.050.180.86
SpainIBEX 2731549056.4158.441.040.180.86
SwitzerlandSIX 46152870141462.1949.271.510.650.86
NorwayOSE 2011267362.6957.941.010.170.83
GermanyXETRA 1691025760.3655.880.960.190.77
South KoreaKOSDAQ 2141256758.4153.600.980.220.76
FOREXFOREX 2911869163.9248.921.010.250.75
CanadaTSX 2261216953.5457.020.930.180.74
NetherlandsAMSTERDAM 1991166558.2956.030.880.160.72
BelgiumBRUSSELS 1991166558.2956.030.880.160.72
PhilippinesPSE 2631489556.2764.190.810.140.68
ChileBCS 2181257257.3457.600.920.260.66
SingaporeSGX 73713897142252.8736.492.061.450.61
MalaysiaBURSA 2561468057.0354.790.860.260.60
JapanTOKYO 2051185957.5650.000.790.190.60
IsraelTASE 2621408053.4457.140.870.280.59
SwedenSTOCKHOLM 1991206260.3051.670.820.230.59
UAEUAE 51126615052.0556.390.740.160.58
ChinaSSE 2131055849.3055.240.750.210.54
TaiwanGTSM 1821075758.7953.270.700.170.53
Poland GPW 2471327453.4456.060.730.200.52
AustraliaASX 2391397358.1652.520.780.260.52
SwitzerlandSIX 2231306958.3053.080.660.160.50
ThailandSET 3141487447.1350.000.650.180.47
DenmarkCOPENHAGEN 1921095856.7753.210.610.160.46
USOTCBB 48261254.1746.154.464.040.42
Hong KongHKEX 2181216355.5052.070.540.120.41
USFOREX 64332217850.0855.280.560.160.39
USPREFERRED 48033222148267.0846.000.740.350.39
SingaporeSGX 3131908960.7046.840.490.110.38
Vietnam HOSE 2501506960.0046.000.570.210.36
BangladeshDSE 2101355564.2940.740.410.190.23
JordanASE 90545513850.2830.331.471.94-0.46
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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