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 49241648.9866.679.671.008.67
CanadaCSE 169074630344.9139.929.494.235.27
ArgentinaBUE 156997063.4670.714.320.224.10
UKLSE 38676177171006445.8356.784.980.993.99
USOTC PINK 163458919349254.8238.977.704.383.31
PakistanKSE 2435133965754.9949.074.451.343.11
IndiaNSE 1867610147534854.3952.654.271.213.07
IndonesiaIDX 79723969178749.7945.024.231.223.01
TurkeyBIST 87304546234952.0751.673.960.982.98
EgyptEGX 166383442350.1550.724.291.322.97
IndiaBSE 2278512659628255.5849.614.341.402.94
Greece ATHENS 89151726458.0251.064.241.362.88
South KoreaKOSDAQ 143817434404051.7654.283.831.012.82
USNASDAQ 2853116364848157.4551.743.971.232.74
USAMEX 3152174482755.3347.424.271.542.72
ArgentinaBUE 82343423152.9852.984.011.292.72
IsraelTASE 3246170494952.5055.693.610.942.66
Vietnam HOSE 46282273115549.1150.813.741.082.66
BrazilBOVESPA 46072710135958.8950.093.741.122.62
SwedenSTOCKHOLM 89014857230954.5747.543.961.432.53
BangladeshDSE 61033277155653.6947.483.491.102.39
JapanSAPPORO 34231167.6547.833.701.352.35
NorwayOSE 2595146669156.4947.143.781.622.16
KuwaitKSE 146874530850.7541.343.531.452.08
TaiwanGTSM 120096430324553.5450.472.920.842.08
Poland GPW 61942878134846.5346.773.441.422.02
The World 57272131444215391254.9348.923.231.222.01
RussiaMICEX 2780148868153.7145.613.091.111.98
JapanNAGOYA 50229314958.3750.852.760.791.98
Hong KongHKEX 2905314277593249.2141.493.581.681.90
Austria WIENERBORSE 40825813763.2453.102.690.811.88
ChileBCS 95952227254.4352.112.490.611.87
South KoreaKRX 132357119368053.7951.692.590.781.81
JapanTOKYO 40502241181213259.5550.302.750.971.78
FrancePARIS 108115965308755.1851.752.520.811.70
SpainIBEX 163092344056.6347.672.841.161.67
PhilippinesPSE 3515185078152.6342.222.911.261.64
Saudi ArabiaTADAWUL 2670153176457.3449.902.430.801.63
CanadaTSX-V 81844182153151.1036.615.303.671.63
OmanMSM 3761566841.4943.592.691.141.54
TurkeyBIST 112764867.8663.161.820.301.51
AustraliaASX 185119598408151.8942.493.512.021.49
TaiwanTWSE 170629463472055.4649.882.140.691.45
Vietnam HNX 2615130752349.9840.023.171.741.43
DenmarkCOPENHAGEN 155489240957.4045.852.561.131.42
PortugalLISBON 37822010358.2046.822.441.031.40
JapanFUKUOKA 133733154.8942.472.140.751.38
BrazilBOVESPA 124805364.5266.251.630.251.38
UAEUAE 92049322053.5944.622.451.091.36
ChinaSZSE 2238512515597555.9147.742.621.271.36
RussiaMICEX 2101206857.1456.671.650.301.35
ThailandSET 176238458351747.9941.582.531.221.31
QatarQE 50528012255.4543.572.240.951.29
USNYSE 34008214841108463.1751.592.040.771.27
MalaysiaBURSA 148267157299448.2741.832.781.541.24
CanadaTSX 1756710392472159.1645.432.291.051.24
MexicoBMV 1941086455.6759.261.380.181.20
ChinaSSE 149058401407456.3648.492.261.071.19
BelgiumBRUSSELS 138678937256.9347.151.910.811.10
MexicoBMV 161593245957.7149.251.970.881.09
Austria WIENERBORSE 1941046353.6160.581.300.211.09
NetherlandsAMSTERDAM 2334144770662.0048.791.740.671.06
UKLSE 221986444.3465.311.150.101.05
ItalyBORSA 81025129242763.3147.321.950.901.05
GermanyXETRA 93906093301364.9449.411.810.771.04
Greece ATHENS 2131116752.1160.361.240.231.02
ItalyBORSA 2101177055.7159.831.240.221.02
FrancePARIS 2101177055.7159.831.240.221.02
SpainIBEX 2441358355.3361.481.070.150.93
IndiaNSE 128824064.0648.781.120.210.91
SwitzerlandSIX 41442582126562.3148.991.510.640.87
NorwayOSE 1781096361.2457.801.050.180.86
FOREXFOREX 2521618363.8951.551.090.250.84
IndonesiaIDX 125754560.0060.001.080.240.84
PakistanKSE 2511568462.1553.850.980.140.84
PortugalLISBON 186985952.6960.201.000.180.82
GermanyXETRA 152915359.8758.241.000.190.81
CanadaTSX 1941076555.1560.750.980.180.80
NetherlandsAMSTERDAM 1791036057.5458.250.920.170.76
BelgiumBRUSSELS 1791036057.5458.250.920.170.76
South KoreaKOSDAQ 1981146157.5853.510.960.210.75
SingaporeSGX 68253613133752.9437.012.201.460.73
PhilippinesPSE 2381389157.9865.940.840.120.72
JapanTOKYO 1731005557.8055.000.880.190.69
SwedenSTOCKHOLM 1801085860.0053.700.860.210.65
IsraelTASE 2361247252.5458.060.910.300.61
AustraliaASX 2121236858.0255.280.840.240.60
Poland GPW 2171196554.8454.620.790.210.58
UAEUAE 45723713351.8656.120.740.170.57
ChileBCS 1931116257.5155.860.820.250.57
MalaysiaBURSA 2301357358.7054.070.830.270.56
SwitzerlandSIX 1951126057.4453.570.670.150.52
ChinaSSE 191904747.1252.220.700.220.48
DenmarkCOPENHAGEN 1751005457.1454.000.630.170.46
TaiwanGTSM 163945157.6754.260.650.190.46
ThailandSET 2791326947.3152.270.650.200.45
Hong KongHKEX 1921065455.2150.940.560.100.45
SingaporeSGX 2761658159.7849.090.540.100.44
USFOREX 56127415348.8455.840.590.160.43
USOTCBB 48261254.1746.154.464.040.42
USPREFERRED 43172837126565.7244.590.740.370.37
Vietnam HOSE 2161275858.8045.670.580.230.35
BangladeshDSE 1821215066.4841.320.440.170.26
JordanASE 84442212650.0029.861.511.95-0.43
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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