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
ArgentinaBUE 122666037054.7355.145.991.424.57
CanadaCSE 2714122549245.3939.949.084.554.52
UKLSE 60070270261553645.1157.335.500.994.51
ArgentinaBUE 1941269164.9572.224.660.224.44
TurkeyBIST 136347202384752.8253.424.511.003.51
USOTC PINK 2527313633542554.8539.147.804.353.45
BrazilBOVESPA 77104487231458.2051.574.431.093.34
IndiaNSE 2883715470810153.6552.374.541.243.30
South KoreaKOSDAQ 2300712216655453.3353.424.231.093.13
IndiaBSE 36661203021007955.3849.654.581.513.07
SwedenSTOCKHOLM 138937613367254.8048.234.561.503.06
USWARRANTS 66371956.0651.357.514.513.00
Poland GPW 94014510217947.9748.314.351.412.94
IsraelTASE 54202925164453.9756.213.901.052.85
USNASDAQ 41591241731250958.1251.754.111.292.81
PakistanKSE 39432209110256.0249.894.201.412.79
EgyptEGX 2545123963248.6851.014.111.332.78
IndonesiaIDX 129756153273847.4244.503.891.252.64
Greece ATHENS 154387543156.7149.264.191.592.59
RussiaMICEX 49462861131957.8446.103.611.112.50
USAMEX 60853628178859.6949.233.591.182.41
JapanSAPPORO 34231167.6547.833.701.352.35
NorwayOSE 39982201106155.0548.213.851.512.34
Vietnam HOSE 80584027198349.9849.243.451.122.33
CanadaTSX-V 110615676217951.3238.395.863.622.25
The World 86189646978423125454.5649.183.481.262.22
South KoreaKRX 2220412020623054.1351.833.050.862.19
Hong KongHKEX 4595822728950449.4741.803.931.772.17
BangladeshDSE 99045195237852.7045.563.281.192.09
TaiwanGTSM 1908810176500553.3149.182.910.882.03
ChinaSZSE 36645206361036056.3150.203.271.262.01
AustraliaASX 2803114663636352.3143.393.932.021.90
Saudi ArabiaTADAWUL 39672227115956.1452.042.650.761.90
SpainIBEX 2581139668254.0948.852.951.091.85
ChileBCS 151178241651.7553.202.510.661.85
JapanTOKYO 38885226791143058.3250.402.800.971.84
Austria WIENERBORSE 81847325157.8253.072.650.831.82
JapanNAGOYA 76344220957.9347.292.660.841.81
FrancePARIS 167909068469954.0151.822.620.821.81
Vietnam HNX 3893193881049.7841.803.361.591.76
ChinaSSE 2618014839752056.6850.682.781.071.70
PhilippinesPSE 57932902126950.0943.732.911.261.64
KuwaitKSE 2520128053750.7941.953.051.491.56
PortugalLISBON 64435216554.6646.882.641.091.56
TaiwanTWSE 2709314925733455.0949.142.270.721.55
CanadaTSX 2675415600722958.3146.342.571.051.53
MalaysiaBURSA 2434111883504048.8242.413.001.561.43
ThailandSET 2945413933574047.3141.192.761.331.43
MexicoBMV 2649154179058.1751.272.300.891.41
TurkeyBIST 1461056971.9265.711.690.291.40
OmanMSM 56923510041.3042.552.691.371.31
UAEUAE 136173231253.7842.622.541.231.31
RussiaMICEX 2831618756.8954.041.630.331.30
USNYSE 46537294421537963.2752.232.050.761.30
BrazilBOVESPA 1621046564.2062.501.530.251.28
BelgiumBRUSSELS 2173123756956.9346.002.090.851.25
NetherlandsAMSTERDAM 35602226107662.5348.341.950.731.21
QatarQE 87746220552.6844.372.100.901.21
MexicoBMV 2601458255.7756.551.430.231.20
GermanyXETRA 147509394472663.7550.261.920.781.14
ItalyBORSA 124127757371962.5047.942.000.861.13
DenmarkCOPENHAGEN 2398139160658.0143.572.361.231.12
SingaporeSGX 102565331194651.9836.502.561.481.08
SwitzerlandSIX 66664112201961.6949.101.640.660.98
Austria WIENERBORSE 2401337955.4259.401.190.210.98
IndiaNSE 1721115664.5350.451.140.190.95
PakistanKSE 30718810361.2454.791.100.150.95
FrancePARIS 2591488657.1458.111.140.220.91
ItalyBORSA 2581488657.3658.111.140.220.91
Greece ATHENS 2691468654.2858.901.130.220.91
UKLSE 2871438649.8360.141.020.150.87
PortugalLISBON 2611297849.4360.471.020.170.85
SpainIBEX 33918410954.2859.241.010.180.83
IndonesiaIDX 1751096462.2958.721.020.200.82
NorwayOSE 2421528962.8158.550.990.190.80
GermanyXETRA 1941186860.8257.630.960.170.79
South KoreaKOSDAQ 2441487860.6652.700.950.220.74
ChileBCS 2481408356.4559.290.970.250.72
NetherlandsAMSTERDAM 2281357759.2157.040.870.160.72
BelgiumBRUSSELS 2281357759.2157.040.870.160.72
FOREXFOREX 34821710962.3650.230.960.260.70
IsraelTASE 3021579351.9959.240.950.250.69
JapanTOKYO 2401407358.3352.140.860.200.66
JapanFUKUOKA 157964561.1546.881.500.850.65
TaiwanGTSM 2211297158.3755.040.780.150.64
UAEUAE 60431417551.9955.730.780.160.62
PhilippinesPSE 30217310757.2861.850.760.150.61
CanadaTSX 2991518250.5054.300.810.210.60
AustraliaASX 2751648859.6453.660.850.250.60
MalaysiaBURSA 2941698657.4850.890.800.270.54
Poland GPW 2901579054.1457.320.730.190.54
ThailandSET 3711869950.1353.230.680.160.52
USPREFERRED 58023810187265.6749.130.860.350.52
SwedenSTOCKHOLM 2281366959.6550.740.750.240.51
Hong KongHKEX 2591487657.1451.350.600.120.48
SwitzerlandSIX 2631507757.0351.330.650.170.47
ChinaSSE 2511256849.8054.400.710.240.47
DenmarkCOPENHAGEN 2231306758.3051.540.620.180.45
USFOREX 77239021750.5255.640.590.160.43
USOTCBB 48261254.1746.154.464.040.42
Vietnam HOSE 3071919162.2147.640.600.210.38
SingaporeSGX 37122510060.6544.440.460.120.33
BangladeshDSE 2651687163.4042.260.480.150.32
JordanASE 123862118850.1630.271.752.01-0.26
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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