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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 61241739.3470.8318.251.7116.54
ArgentinaBUE 1831188464.4871.194.660.244.42
UKLSE 55169248971424945.1657.195.050.984.08
CanadaCSE 2556111243344.8737.758.394.503.89
ArgentinaBUE 109159132854.1755.505.181.453.73
BrazilBOVESPA 69294071208958.7551.314.291.093.20
TurkeyBIST 132276920362152.3252.334.140.993.15
IndiaNSE 2684414480760353.9952.464.371.273.10
South KoreaKOSDAQ 2154511408610453.0153.454.151.093.06
USOTC PINK 2390912877505654.5938.747.364.333.03
IndiaBSE 3431919120946755.7149.514.381.512.87
SwedenSTOCKHOLM 127686992332354.7647.534.181.452.73
IsraelTASE 47832571143153.7555.663.771.052.72
Greece ATHENS 135278939758.3650.324.261.562.70
PakistanKSE 36982058101155.6549.134.121.452.67
IndonesiaIDX 120585787255547.9944.153.881.242.64
USNASDAQ 39659229621182757.9351.483.891.252.63
EgyptEGX 2355114157248.4550.133.831.322.51
RussiaMICEX 44912596116457.8044.843.481.112.37
JapanSAPPORO 34231167.6547.833.701.352.35
NorwayOSE 3693205399355.5948.373.811.472.34
Poland GPW 87214124196547.2947.653.701.422.28
Vietnam HOSE 74673705182249.6249.183.341.092.26
Hong KongHKEX 4248821060882749.5841.903.951.732.21
USAMEX 59073505171559.3448.933.391.222.17
BangladeshDSE 92844933225253.1345.653.231.182.05
The World 82958445335122215254.6948.973.271.232.04
South KoreaKRX 2064811177579954.1351.882.840.851.98
TaiwanGTSM 178879503465853.1349.022.810.851.96
JapanNAGOYA 72642920659.0948.022.710.751.96
JapanTOKYO 58236341641728558.6650.602.760.941.82
Saudi ArabiaTADAWUL 36152035104656.2951.402.520.751.77
Austria WIENERBORSE 68440121458.6353.372.510.771.75
ChileBCS 142474038751.9752.302.380.651.73
SpainIBEX 2407133064555.2648.502.831.101.73
ChinaSZSE 3314218435896355.6348.623.001.281.72
FrancePARIS 157738530436454.0851.162.500.811.70
PhilippinesPSE 52422635115550.2743.832.831.231.60
JapanFUKUOKA 2041226159.8050.002.340.761.58
CanadaTSX-V 105005328195650.8136.665.253.681.57
AustraliaASX 2568213459575452.4242.743.572.001.57
Vietnam HNX 3653179074549.0041.623.181.611.57
OmanMSM 5292199441.4042.922.741.241.51
KuwaitKSE 2387121950751.0741.593.021.521.50
TaiwanTWSE 2553414027689154.9349.132.170.691.48
ChinaSSE 2347713135646055.9549.182.531.091.44
TurkeyBIST 134956070.9063.161.730.321.41
CanadaTSX 2556614851674358.0945.402.431.051.37
UAEUAE 127168529353.8942.772.541.221.32
MalaysiaBURSA 2228410832456648.6142.152.781.501.28
PortugalLISBON 59132515354.9947.082.291.011.27
USNYSE 45530287971501063.2552.121.990.741.25
QatarQE 77742018954.0545.002.090.881.20
BrazilBOVESPA 1581026364.5661.761.450.251.20
BelgiumBRUSSELS 1981113052257.0446.191.980.801.17
ThailandSET 2705412728520147.0540.862.431.281.16
MexicoBMV 2380137570357.7751.132.000.851.15
NetherlandsAMSTERDAM 3333207798562.3247.421.840.741.11
ItalyBORSA 114287153342862.5947.921.930.831.09
RussiaMICEX 2681527956.7251.971.410.341.08
DenmarkCOPENHAGEN 2222128855857.9743.322.271.221.05
MexicoBMV 2451347754.6957.461.270.221.04
GermanyXETRA 135218656431464.1349.751.800.761.04
Austria WIENERBORSE 2291297656.3358.911.190.210.98
UKLSE 2701328248.8962.121.060.130.93
Greece ATHENS 2541408355.1259.291.150.220.93
ItalyBORSA 2471448358.3057.641.140.220.92
FrancePARIS 2471448358.3057.641.140.220.92
IndiaNSE 1571035265.6150.491.080.180.89
SpainIBEX 31017510456.4559.431.020.170.85
PortugalLISBON 2351247452.7759.681.020.180.85
PakistanKSE 2811759562.2854.290.990.150.84
NorwayOSE 2251418262.6758.161.010.180.83
SwitzerlandSIX 61683818186361.9048.801.470.650.82
GermanyXETRA 1851146561.6257.020.960.180.78
IndonesiaIDX 158995962.6659.600.980.210.77
JapanTOKYO 2211296758.3751.940.920.190.73
FOREXFOREX 3222039963.0448.770.990.270.72
NetherlandsAMSTERDAM 2181307459.6356.920.880.160.72
BelgiumBRUSSELS 2181307459.6356.920.880.160.72
South KoreaKOSDAQ 2291397360.7052.520.930.220.71
CanadaTSX 2661377851.5056.930.880.180.69
ChileBCS 2321337857.3358.650.920.260.67
IsraelTASE 2831508653.0057.330.930.270.67
SingaporeSGX 98275167187452.5936.262.081.430.65
PhilippinesPSE 28216010056.7462.500.780.140.63
UAEUAE 55529216152.6155.140.710.160.55
MalaysiaBURSA 2781598457.1952.830.820.270.55
AustraliaASX 2621578559.9254.140.780.240.54
SwedenSTOCKHOLM 2151286359.5349.220.770.240.52
TaiwanGTSM 2001156357.5054.780.670.160.51
Poland GPW 2741498454.3856.380.700.190.51
DenmarkCOPENHAGEN 2091216557.8953.720.640.160.48
SwitzerlandSIX 2431437558.8552.450.630.160.47
ThailandSET 3391678649.2651.500.620.170.45
ChinaSSE 2341186350.4353.390.690.250.44
USOTCBB 48261254.1746.154.464.040.42
USPREFERRED 57533822183166.4347.910.730.330.40
Vietnam HOSE 2801708260.7148.240.590.210.38
USFOREX 70435819750.8555.030.540.160.38
Hong KongHKEX 2451367055.5151.470.490.130.36
SingaporeSGX 3502129860.5746.230.460.120.34
BangladeshDSE 2341496263.6841.610.420.170.25
JordanASE 121260919050.2531.201.841.86-0.02
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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