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 162915656.1761.5426.383.0923.30
CanadaCSE 3266152463647.0641.3810.454.256.20
ArgentinaBUE 134271741153.4357.326.331.404.93
UKLSE 56459260721520046.2158.265.840.984.86
USOTC PINK 2652414604598155.0940.938.944.324.61
TurkeyBIST 117376352359954.1256.665.270.914.36
ArgentinaBUE 2031339765.5272.934.530.214.32
IndiaNSE 2730414729790153.9453.644.841.173.67
PakistanKSE 36282011102455.4350.924.821.353.48
Poland GPW 92364448222148.1649.934.861.393.47
USNASDAQ 40799239091267758.6153.014.751.293.46
IndiaBSE 3316618380927355.4250.454.811.433.38
South KoreaKOSDAQ 2178511497630052.8254.754.381.023.36
IndonesiaIDX 130026329292448.6846.204.571.223.35
IsraelTASE 56443067178754.3858.234.180.933.25
EgyptEGX 2315116361450.2452.794.521.283.24
Austria WIENERBORSE 28218410965.2559.244.191.013.18
SwedenSTOCKHOLM 142217793377554.9448.324.631.493.14
Greece ATHENS 146682341956.1450.914.341.333.01
BrazilBOVESPA 84864953255458.4051.534.081.083.01
CanadaTSX-V 117205952237550.7839.906.413.522.89
Vietnam HOSE 72513654188150.3951.483.761.032.72
NorwayOSE 39062187108255.9949.474.101.512.58
The World 87792448462224286755.2250.103.641.212.43
JapanSAPPORO 34231167.6547.833.701.352.35
AustraliaASX 2983915662689352.4944.014.412.072.34
BangladeshDSE 89324647215752.0346.423.501.162.34
Saudi ArabiaTADAWUL 41252383127857.7753.633.070.752.32
USAMEX 60233639182160.4250.043.391.082.31
South KoreaKRX 1955110452548153.5252.383.080.812.28
SpainIBEX 2302126762455.0449.253.311.072.24
Hong KongHKEX 4273821155883349.5041.753.891.742.16
Vietnam HNX 3329168172850.5043.313.681.552.12
KuwaitKSE 2112109348851.7544.653.471.372.11
TaiwanGTSM 1879910219505854.3649.502.950.852.10
ChileBCS 134369436451.6852.452.770.682.09
PhilippinesPSE 53612788123352.0144.233.321.242.07
RussiaMICEX 47512639122155.5546.273.101.042.06
ChinaSZSE 37965211481075255.7050.843.101.171.93
FrancePARIS 153318470442355.2552.222.710.801.91
MalaysiaBURSA 2345811420495248.6843.363.451.541.91
JapanTOKYO 60917362691836359.5450.632.870.971.90
TurkeyBIST 1621157570.9965.222.060.261.80
CanadaTSX 2524015081718759.7547.662.771.021.75
DenmarkCOPENHAGEN 2303132358357.4544.072.891.221.67
ChinaSSE 2723615245780155.9751.172.630.981.65
ThailandSET 2781413254550847.6541.562.981.351.64
TaiwanTWSE 2586914496727956.0450.212.320.691.63
MexicoBMV 2650156779059.1350.412.570.961.61
PortugalLISBON 55231013856.1644.522.631.081.55
USNYSE 44323282121495263.6752.982.240.761.47
OmanMSM 58423410241.4442.152.671.221.44
SwitzerlandSIX 60953776189061.9550.052.020.621.40
JapanNAGOYA 72642018857.8544.762.350.951.40
UAEUAE 123668229555.1843.262.431.071.36
BelgiumBRUSSELS 2081116154155.7946.602.190.841.35
NetherlandsAMSTERDAM 34112121105862.1849.881.960.651.31
IndiaNSE 2001336966.5051.881.530.231.31
BrazilBOVESPA 1681086864.2962.961.550.251.30
ItalyBORSA 123657772372262.9647.812.110.831.28
RussiaMICEX 3111799657.5653.631.580.321.26
GermanyXETRA 145339260472863.8750.941.960.741.22
QatarQE 85645919553.6242.482.100.921.17
MexicoBMV 3011679155.4854.491.330.281.05
JapanFUKUOKA 176994456.2544.441.700.740.96
Austria WIENERBORSE 2721508755.1558.001.110.200.91
ItalyBORSA 2921659456.5156.971.070.210.86
FrancePARIS 2931659456.3156.971.070.210.86
Greece ATHENS 3051659554.1057.581.060.210.85
SingaporeSGX 94934974184852.4037.152.321.470.85
PakistanKSE 36221911660.5052.970.980.150.83
IndonesiaIDX 1881176962.2358.971.030.210.83
PortugalLISBON 3161468746.2059.591.000.170.83
NorwayOSE 2641619560.9859.011.010.190.82
GermanyXETRA 2181337661.0157.140.920.160.76
FOREXFOREX 38524312363.1250.621.020.260.75
SpainIBEX 40720911951.3556.940.940.190.75
JapanTOKYO 2701618959.6355.280.920.180.74
ChileBCS 2891569253.9858.970.970.250.72
UKLSE 35618410051.6954.350.870.160.71
UAEUAE 66334919752.6456.450.850.150.70
BelgiumBRUSSELS 2551518559.2256.290.840.150.70
NetherlandsAMSTERDAM 2551518559.2256.290.840.150.70
IsraelTASE 33117310052.2757.800.950.250.69
South KoreaKOSDAQ 2791759262.7252.570.890.220.67
TaiwanGTSM 2411417558.5153.190.770.160.61
ThailandSET 41620911450.2454.550.750.150.60
USPREFERRED 59763931190465.7848.440.950.370.59
AustraliaASX 30718710060.9153.480.800.240.56
PhilippinesPSE 32218811458.3960.640.730.180.55
CanadaTSX 3621708946.9652.350.810.260.55
Poland GPW 3121699454.1755.620.720.200.51
SwitzerlandSIX 2951748958.9851.150.640.160.48
MalaysiaBURSA 3411999958.3649.750.730.260.48
SwedenSTOCKHOLM 2531497858.8952.350.700.230.47
Hong KongHKEX 2791628458.0651.850.560.120.44
USFOREX 84043524251.7955.630.600.160.44
USOTCBB 48261254.1746.154.464.040.42
DenmarkCOPENHAGEN 2411407058.0950.000.590.180.41
ChinaSSE 2831417249.8251.060.650.260.38
Vietnam HOSE 33420910162.5748.330.570.210.36
SingaporeSGX 41725511461.1544.710.420.120.31
BangladeshDSE 3071968363.8442.350.460.160.30
JordanASE 99052016652.5331.921.501.75-0.25
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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