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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 95444319946.4444.9212.424.028.39
USWARRANTS 138754254.3556.008.092.096.00
USOTC PINK 158588653397054.6745.809.093.235.85
UKLSE 39068178681153545.7464.555.900.685.22
ArgentinaBUE 77142227154.7364.225.180.744.45
IndiaBSE 2474814020839356.6559.865.401.014.39
IndiaNSE 1864210374638555.6561.555.200.834.37
South KoreaKOSDAQ 147037755475552.8761.174.740.753.99
PakistanKSE 2781160194757.5759.154.940.983.96
Greece ATHENS 91154430359.7155.705.121.343.78
BrazilBOVESPA 43522494139857.5155.854.460.973.49
USNASDAQ 2735715993953558.4859.604.290.923.36
RussiaMICEX 2923168689557.7153.054.240.933.31
NorwayOSE 2499139973155.9852.254.561.283.28
ArgentinaBUE 125775161.6066.233.350.223.13
USAMEX 33591884102456.0954.354.331.203.13
IndonesiaIDX 71403480161448.7446.384.201.113.09
IsraelTASE 3121168499753.9659.203.940.853.09
SwedenSTOCKHOLM 81284423231754.5252.294.191.153.05
Hong KongHKEX 3000914912690549.6946.304.421.452.97
EgyptEGX 179287045148.5551.844.251.322.93
TurkeyBIST 93834808253751.4552.553.760.912.85
Austria WIENERBORSE 39722514256.6863.113.220.412.80
Vietnam HOSE 49122462130850.1253.133.861.082.78
South KoreaKRX 136437394433554.2258.603.390.632.76
Poland GPW 65913124163547.4752.253.971.212.76
The World 56296231000616908655.0954.523.710.992.72
JapanNAGOYA 50730616960.3655.233.290.612.68
ChileBCS 101654033153.1561.302.970.412.56
TaiwanGTSM 116576154344352.7955.953.240.682.56
CanadaTSX-V 74773856145551.5737.735.783.322.46
ChinaSZSE 1856610445615856.2658.963.360.912.45
JapanFUKUOKA 102653663.7355.382.880.482.40
BangladeshDSE 63163442172854.5050.203.401.022.38
JapanSAPPORO 34231167.6547.833.701.352.35
Saudi ArabiaTADAWUL 2181121371855.6259.192.970.652.32
JapanTOKYO 39628235651303259.4755.303.080.792.28
AustraliaASX 174109105427552.3046.953.981.742.23
ChinaSSE 126937262427457.2458.832.940.792.15
FrancePARIS 106745861335354.9157.212.730.642.09
UAEUAE 98751323951.9846.593.111.072.04
PhilippinesPSE 3575184689451.6448.433.071.042.03
SpainIBEX 1782100154656.1754.552.921.001.91
PortugalLISBON 41824012857.4253.332.961.071.89
TaiwanTWSE 164848932481154.1953.862.440.581.86
QatarQE 49626414253.2353.792.470.701.77
CanadaTSX 1734810121506958.3450.082.630.901.73
TurkeyBIST 98704771.4367.141.900.211.69
ItalyBORSA 77044778258062.0653.962.340.671.67
USNYSE 32858209271194963.7157.082.250.591.67
BelgiumBRUSSELS 145084545358.2853.612.330.671.66
DenmarkCOPENHAGEN 157391946758.4250.822.620.981.64
OmanMSM 3981657641.4646.062.741.161.58
MexicoBMV 166995255557.5857.752.260.691.57
RussiaMICEX 1741026058.6258.821.820.271.55
NetherlandsAMSTERDAM 2212140276163.3854.282.170.641.54
ThailandSET 173518386359348.3342.852.591.081.51
Vietnam HNX 3092147158347.5739.633.492.001.49
BrazilBOVESPA 111714863.9667.611.730.281.45
GermanyXETRA 90695847317764.5754.252.110.671.43
KuwaitKSE 179687633648.7838.363.121.701.42
MexicoBMV 147905361.2258.891.510.191.32
MalaysiaBURSA 155427699322349.5441.862.691.501.20
Austria WIENERBORSE 155835353.5563.861.400.201.19
ItalyBORSA 167935855.6962.371.330.231.11
FrancePARIS 167935855.6962.371.330.231.11
Greece ATHENS 173905752.0263.331.320.221.10
SwitzerlandSIX 42342641141962.3853.731.650.571.08
UKLSE 165805148.4863.751.150.131.03
SingaporeSGX 74443870148051.9938.242.401.391.01
IndonesiaIDX 98603861.2263.331.200.230.97
IndiaNSE 106733768.8750.681.110.190.92
SpainIBEX 1951096955.9063.301.030.150.88
NorwayOSE 140905364.2958.891.020.160.87
GermanyXETRA 119714359.6660.561.060.200.86
CanadaTSX 153855355.5662.351.050.190.86
PortugalLISBON 146764852.0563.161.030.170.86
South KoreaKOSDAQ 162924956.7953.261.080.240.84
FOREXFOREX 2261458164.1655.861.030.220.81
NetherlandsAMSTERDAM 142804856.3460.000.960.180.79
BelgiumBRUSSELS 142804856.3460.000.960.180.79
PhilippinesPSE 1891228364.5568.030.890.110.79
SwedenSTOCKHOLM 140834759.2956.630.930.180.75
PakistanKSE 2271437563.0052.450.850.150.70
AustraliaASX 169914953.8553.850.950.260.68
IsraelTASE 189975651.3257.730.950.270.68
JapanTOKYO 139814458.2754.320.880.210.67
MalaysiaBURSA 1871106058.8254.550.900.280.62
UAEUAE 37319211251.4758.330.780.170.61
SwitzerlandSIX 150864857.3355.810.730.150.58
TaiwanGTSM 124744459.6859.460.700.140.57
ChinaSSE 154744148.0555.410.740.200.54
SingaporeSGX 2051267061.4655.560.640.100.54
Poland GPW 170904652.9451.110.780.240.53
ChileBCS 152905059.2155.560.780.270.51
DenmarkCOPENHAGEN 135734154.0756.160.630.150.48
ThailandSET 2201055747.7354.290.670.190.48
USPREFERRED 40982714136766.2350.370.750.290.47
USFOREX 45722812649.8955.260.620.170.45
Vietnam HOSE 1761045259.0950.000.650.210.44
USOTCBB 48261254.1746.154.464.040.42
JordanASE 103652217250.3932.952.191.790.40
Hong KongHKEX 163894554.6050.560.520.120.39
BangladeshDSE 1481004067.5740.000.450.180.27
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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