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 61332016852.2052.508.383.115.28
UKLSE 65815306011758446.5657.395.610.994.62
ArgentinaBUE 1883104860455.8757.415.831.354.48
TurkeyBIST 135857289411753.7956.345.130.924.21
CanadaCSE 4533209782846.2639.488.534.324.21
USOTC PINK 3290717523695754.2039.018.624.574.06
IndiaNSE 3156517187936654.5854.365.031.123.91
ArgentinaBUE 23415511166.2471.614.010.213.80
IndiaBSE 38734215401102155.6551.135.091.393.70
IndonesiaIDX 161337925366149.1246.204.841.203.65
USNASDAQ 48350279631455758.0651.854.771.333.44
Vietnam HNX 4002207399451.8047.954.821.433.39
South KoreaKOSDAQ 2562813587739553.0254.434.381.043.34
Poland GPW 111545447261848.8948.014.681.483.21
EgyptEGX 2638131870250.2352.984.451.263.19
PakistanKSE 43622397120354.9550.194.491.333.16
SwedenSTOCKHOLM 167119112442054.7348.334.631.503.13
Greece ATHENS 178799952156.9151.234.361.243.12
IsraelTASE 71333964226555.6457.074.000.913.09
Vietnam HOSE 79824064217750.9153.574.030.973.06
KuwaitKSE 2548132762352.0846.953.791.222.57
BrazilBOVESPA 114586617325658.2048.823.681.122.56
BangladeshDSE 103075374251952.1446.873.661.152.51
NorwayOSE 46432556124355.1248.574.011.512.50
CanadaTSX-V 149277435291549.8439.196.033.592.44
The World 102391656318528038255.0949.713.661.242.42
JapanSAPPORO 34231167.6547.833.701.352.35
AustraliaASX 3729319429847852.1143.634.462.142.32
DenmarkCOPENHAGEN 2733157469057.5943.843.571.272.30
Austria WIENERBORSE 51433218964.5956.933.331.052.29
South KoreaKRX 2271512121636053.4252.413.090.812.28
Saudi ArabiaTADAWUL 49182802151356.9754.002.950.722.23
ChileBCS 144375940352.6053.102.910.702.21
Hong KongHKEX 4776223618983349.4541.633.931.752.18
TaiwanGTSM 2144011778586254.9349.773.020.852.17
SpainIBEX 2626144869355.1447.863.251.082.17
ChinaSZSE 44048247091262656.1051.103.151.152.01
ThailandSET 3179115297649748.1242.473.201.271.94
RussiaMICEX 62453362154155.0544.822.930.991.94
USAMEX 72734295208859.0848.593.001.071.93
PhilippinesPSE 61303172140151.9643.993.171.251.92
MalaysiaBURSA 2863913808596148.2143.173.481.581.91
FrancePARIS 175239695499455.3351.512.640.821.83
JapanTOKYO 71256422942094459.3649.522.760.981.79
CanadaTSX 2821416702796959.2647.662.811.041.78
TurkeyBIST 1841338372.2862.412.020.261.75
ChinaSSE 3204118005919756.1951.082.700.961.74
TaiwanTWSE 2919616434828756.2950.432.400.701.69
MexicoBMV 3301195998259.3550.132.681.011.67
PortugalLISBON 60534215356.5344.742.571.041.53
UAEUAE 139677333355.3743.082.531.061.46
USNYSE 50013315751662763.1752.632.220.771.44
OmanMSM 58423410241.4442.152.671.221.44
SwitzerlandSIX 73244509223961.6949.561.930.631.30
BelgiumBRUSSELS 2419135163955.8547.302.100.821.28
ItalyBORSA 146799233440262.9147.672.090.821.28
BrazilBOVESPA 1991298264.8263.571.520.261.26
NetherlandsAMSTERDAM 39712445120762.2048.871.890.661.23
GermanyXETRA 1750911111564363.5350.731.950.731.23
QatarQE 102554823453.4642.702.080.881.20
JapanNAGOYA 90051522457.2243.502.060.931.13
IndiaNSE 2441587764.7548.731.370.251.12
RussiaMICEX 35220210457.3951.491.460.371.09
MexicoBMV 36120411456.5155.881.270.261.01
JapanFUKUOKA 2221285657.6643.751.760.751.01
FOREXFOREX 46828714461.3250.171.430.431.01
SingaporeSGX 113105849216951.7237.082.461.530.93
Austria WIENERBORSE 3111709354.6654.711.030.210.82
PakistanKSE 42225814661.1456.590.990.170.82
ChileBCS 32718010855.0560.001.040.230.81
IndonesiaIDX 2271367459.9154.410.980.210.77
FrancePARIS 33518710155.8254.010.990.220.77
ItalyBORSA 33418710155.9954.010.990.220.77
Greece ATHENS 35219110454.2654.450.980.210.77
NorwayOSE 30818910961.3657.670.940.200.74
PortugalLISBON 3721679344.8955.690.910.190.72
UKLSE 43022112451.4056.110.840.150.69
GermanyXETRA 2541528259.8453.950.830.160.67
SpainIBEX 48024613451.2554.470.870.210.66
UAEUAE 79740021650.1954.000.800.170.63
South KoreaKOSDAQ 32720910763.9151.200.840.220.62
JapanTOKYO 3171859758.3652.430.840.220.62
BelgiumBRUSSELS 2951729258.3153.490.760.150.62
NetherlandsAMSTERDAM 2951729258.3153.490.760.150.62
ThailandSET 45722912450.1154.150.730.140.59
USPREFERRED 57473763182465.4848.470.960.390.57
AustraliaASX 35121811962.1154.590.800.240.56
TaiwanGTSM 2861658257.6949.700.700.180.52
PhilippinesPSE 38122113258.0159.730.700.180.52
IsraelTASE 40721611353.0752.310.790.280.51
SwedenSTOCKHOLM 2941738858.8450.870.730.240.49
Poland GPW 37019910953.7854.770.660.190.47
CanadaTSX 43720310246.4550.250.770.300.47
SwitzerlandSIX 34820110357.7651.240.600.160.43
USOTCBB 48261254.1746.154.464.040.42
MalaysiaBURSA 40123811659.3548.740.670.260.41
USFOREX 96349326951.1954.560.570.170.40
DenmarkCOPENHAGEN 2861648057.3448.780.570.180.40
Hong KongHKEX 3501969556.0048.470.480.140.35
Vietnam HOSE 39223311159.4447.640.530.210.33
ChinaSSE 3351658249.2549.700.570.270.30
SingaporeSGX 51531013860.1944.520.400.110.29
BangladeshDSE 3632428966.6736.780.390.180.21
JordanASE 114060520053.0733.061.601.70-0.10
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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