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 1/1/2019
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
ArgentinaBUE 27618613067.3969.893.590.203.39
JapanSAPPORO 34231167.6547.833.701.352.35
TurkeyBIST 1981418971.2163.122.300.262.04
RussiaMICEX 40622811856.1651.752.290.371.92
OmanMSM 58423410241.4442.152.671.221.44
BrazilBOVESPA 2551538960.0058.171.430.361.07
PakistanKSE 46528316960.8659.721.150.160.99
IndiaNSE 2931838762.4647.541.240.250.99
MexicoBMV 46225413854.9854.331.150.300.85
Greece ATHENS 39821812054.7755.051.090.260.83
Austria WIENERBORSE 35319610855.5255.101.060.260.80
ChileBCS 38922313357.3359.641.000.220.78
Poland GPW 45725314755.3658.100.960.190.77
ItalyBORSA 37721411756.7654.671.010.260.75
FrancePARIS 37821411756.6154.671.010.260.75
NorwayOSE 35622112262.0855.200.920.210.71
South KoreaKOSDAQ 38624612863.7352.030.870.200.66
GermanyXETRA 2921769660.2754.550.810.160.65
UAEUAE 109450226345.8952.390.820.190.63
JapanTOKYO 37321311057.1051.640.840.230.61
ThailandSET 54027514850.9353.820.750.150.60
PortugalLISBON 43620110746.1053.230.860.250.60
BelgiumBRUSSELS 33619710758.6354.310.750.150.60
NetherlandsAMSTERDAM 33619710758.6354.310.750.150.60
IndonesiaIDX 2871718959.5852.050.840.240.60
IsraelTASE 48126313654.6851.710.880.290.59
FOREXFOREX 48129714761.7549.490.950.360.59
UKLSE 56628114849.6552.670.760.180.58
SpainIBEX 54928214951.3752.840.830.260.58
PhilippinesPSE 45026116358.0062.450.700.160.54
TaiwanGTSM 34919910157.0250.750.700.160.54
AustraliaASX 46328316061.1256.540.750.230.53
SwedenSTOCKHOLM 34720710459.6550.240.780.260.52
CanadaTSX 59926112643.5748.280.790.330.46
SwitzerlandSIX 42224612858.2952.030.590.140.45
USFOREX 109655230150.3654.530.610.170.44
DenmarkCOPENHAGEN 34620410258.9650.000.640.210.43
USOTCBB 48261254.1746.154.464.040.42
MalaysiaBURSA 47227213057.6347.790.650.260.39
BangladeshDSE 41327610766.8338.770.550.170.38
Hong KongHKEX 45923711451.6348.100.490.150.34
Vietnam HOSE 46826913057.4848.330.520.230.29
ChinaSSE 40220210250.2550.500.550.270.29
SingaporeSGX 65436816556.2744.840.380.110.27
JapanFUKUOKA 2289659.214.440.070.010.06
The World 980155191471025253.951.940.080.020.06
JapanNAGOYA 9069257.280.390.060.010.05
KuwaitKSE 244217852.130.630.040.010.03
QatarQE 9786352.150.590.040.010.03
DenmarkCOPENHAGEN 262613756.780.470.040.010.03
USAMEX 707610658.510.140.030.000.02
BangladeshDSE 10113231050.260.200.020.000.02
PortugalLISBON 56014556.961.570.050.030.02
EgyptEGX 25896249.860.150.010.010.00
NetherlandsAMSTERDAM 35648459.370.190.010.000.00
PhilippinesPSE 59623251.290.070.000.000.00
UKLSE 65581392244.530.080.000.000.00
ItalyBORSA 1355411661.100.070.000.000.00
FrancePARIS 158545453.010.050.000.000.00
USNASDAQ 456598556.880.020.000.000.00
TaiwanTWSE 2661910455.920.030.000.000.00
UAEUAE 12666155.530.140.010.010.00
USPREFERRED 601923762.780.190.010.000.00
SwedenSTOCKHOLM 164129253.210.020.000.000.00
TaiwanGTSM 1967510454.390.040.000.000.00
IndiaBSE 360129554.840.030.000.000.00
USNYSE 430385261.600.010.000.000.00
JapanTOKYO 6280213758.270.020.000.000.00
South KoreaKOSDAQ 240593153.510.010.000.000.00
ChinaSSE 289086555.000.030.000.000.00
South KoreaKRX 209472153.740.010.000.000.00
USOTC PINK 323473354.100.020.000.000.00
PakistanKSE 43242153.420.040.000.000.00
CanadaTSX-V 159630047.630.000.000.000.00
CanadaTSX 255073257.020.010.000.000.00
BrazilBOVESPA 127650057.370.000.000.000.00
BelgiumBRUSSELS 21340052.670.000.000.000.00
Austria WIENERBORSE 6250064.320.000.000.000.00
ArgentinaBUE 21450057.110.000.000.000.00
GermanyXETRA 171900061.820.000.000.000.00
SpainIBEX 23670054.500.000.000.000.00
Greece ATHENS 18310055.430.000.000.000.00
ChileBCS 13670050.260.000.000.000.00
SwitzerlandSIX 69080060.310.000.000.000.00
ChinaSZSE 379860054.540.000.000.000.00
MexicoBMV 33760058.410.000.000.000.00
Saudi ArabiaTADAWUL 42910055.460.000.000.000.00
JordanASE 10080051.390.000.000.000.00
ThailandSET 3254212447.710.030.000.000.00
Vietnam HNX 41880051.290.000.000.000.00
USWARRANTS 10620048.490.000.000.000.00
SingaporeSGX 110380050.440.000.000.000.00
IndonesiaIDX 183967348.430.030.000.000.00
Hong KongHKEX 434712048.600.000.000.000.00
AustraliaASX 389196350.440.020.000.000.00
IndiaNSE 2928910253.990.010.000.000.00
MalaysiaBURSA 280484247.510.020.000.000.00
IsraelTASE 84234253.730.040.000.000.00
TurkeyBIST 129084054.260.000.000.000.00
NorwayOSE 45383153.460.040.000.000.00
Poland GPW 1105515247.570.040.000.000.00
RussiaMICEX 536217454.360.140.010.01-0.01
CanadaCSE 52761045.640.000.000.01-0.01
Vietnam HOSE 71397051.840.000.000.02-0.02
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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