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 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
ArgentinaBUE 31921615567.7171.766.100.205.90
TurkeyBIST 137337801469456.9360.046.831.005.83
ArgentinaBUE 76951331166.8460.517.311.635.67
EgyptEGX 3387166897549.3158.386.101.095.01
UKLSE 68641313691741345.7055.515.461.104.36
IndiaBSE 48879269311391055.1251.635.331.403.93
IndiaNSE 39503216181187154.7554.884.921.103.82
USOTC PINK 2653613942575455.0239.417.473.783.69
Vietnam HNX 48322525128052.2650.694.881.413.47
USNASDAQ 50671293221451657.9149.474.851.583.28
SwedenSTOCKHOLM 184049797471753.2448.144.741.623.13
Poland GPW 126536401298250.6446.544.561.553.01
IndonesiaIDX 2440811493502147.0943.694.301.293.01
South KoreaKOSDAQ 2961215766820953.2652.054.161.153.01
CanadaCSE 5034226988145.0738.837.174.173.00
PakistanKSE 50652732131953.9448.284.371.482.89
IsraelTASE 101745450300253.5755.083.761.042.73
Vietnam HOSE 80494348238754.0254.903.600.892.71
ChileBCS 135169338251.3055.123.390.762.63
NorwayOSE 50612699134153.3349.694.011.452.56
BangladeshDSE 91264520200449.5344.343.661.282.38
CanadaTSX-V 163397720311647.2540.365.693.322.37
Greece ATHENS 2134115759654.2251.513.471.112.36
JapanSAPPORO 34231167.6547.833.701.352.35
The World 110869559887529611554.7048.833.561.232.33
TaiwanGTSM 2132411908604856.0550.603.130.842.30
SpainIBEX 2886157172554.4446.153.391.102.29
Saudi ArabiaTADAWUL 54412981159954.7953.642.980.732.25
DenmarkCOPENHAGEN 2719155965357.3441.893.611.412.20
ChinaSZSE 51457281351440854.6851.213.251.092.17
TurkeyBIST 24617610971.5461.932.310.262.05
KuwaitKSE 2687140868252.4048.443.091.062.03
BrazilBOVESPA 168969740482057.6549.483.000.982.01
Hong KongHKEX 4171120738854449.7241.203.901.892.01
UAEUAE 187398344352.4845.072.970.972.00
AustraliaASX 4283421747919150.7742.264.332.341.98
South KoreaKRX 2552313991712054.8250.892.810.891.92
CanadaTSX 2637815256756957.8949.572.951.041.91
FrancePARIS 174309283465153.4049.972.820.951.87
TaiwanTWSE 2892816528847757.1351.292.590.731.86
RussiaMICEX 45926413857.5252.272.220.391.83
MalaysiaBURSA 3039515301658250.3443.023.581.761.82
ChinaSSE 44508242831221454.5650.302.810.991.82
MexicoBMV 37402198110358.7750.183.041.291.75
Austria WIENERBORSE 157894247159.7050.002.771.081.68
PhilippinesPSE 60413095135751.2343.842.961.301.66
ThailandSET 3700217527705147.3740.232.921.341.58
USAMEX 84435186251961.4248.572.691.111.58
JapanTOKYO 73623440582139059.8448.552.450.951.50
OmanMSM 58423410241.4442.152.671.221.44
USNYSE 52063327611691862.9351.642.160.821.33
PortugalLISBON 63035215557.4642.822.190.911.29
ItalyBORSA 1603510014481462.4948.042.150.871.28
NetherlandsAMSTERDAM 43592761138563.3450.162.000.731.27
QatarQE 116760329351.6748.591.980.751.23
SwitzerlandSIX 78174842234161.9448.351.980.761.22
BelgiumBRUSSELS 2216122554155.2844.162.170.981.19
GermanyXETRA 2302814584746763.3351.201.900.751.15
PakistanKSE 56433620259.5760.121.320.171.15
BrazilBOVESPA 35821312159.5056.811.310.380.92
IndiaNSE 35422210762.7148.201.160.240.92
JapanNAGOYA 102357621656.3037.501.660.800.86
FOREXFOREX 59837419662.5452.411.140.310.83
ChileBCS 44626015658.3060.001.010.220.80
MexicoBMV 59131116252.6252.091.100.320.77
SingaporeSGX 112805618202049.8035.962.261.580.68
Poland GPW 57632017855.5655.630.880.210.68
NorwayOSE 42326514762.6555.470.890.210.68
JapanTOKYO 43225213458.3353.170.900.230.67
Greece ATHENS 52828014153.0350.360.950.300.65
Austria WIENERBORSE 45925513055.5650.980.930.300.63
ItalyBORSA 49027714256.5351.260.900.300.60
FrancePARIS 49127714256.4251.260.900.300.60
UAEUAE 161772736744.9650.480.790.200.58
South KoreaKOSDAQ 45328214162.2550.000.800.230.57
IndonesiaIDX 3271969959.9450.510.810.270.55
GermanyXETRA 37622811960.6452.190.730.190.54
SwedenSTOCKHOLM 47028314260.2150.180.800.250.54
CanadaTSX 73631014942.1248.060.860.330.53
IsraelTASE 58732316455.0350.770.850.330.52
PhilippinesPSE 54431319157.5461.020.690.170.52
BelgiumBRUSSELS 43225613259.2651.560.700.180.51
NetherlandsAMSTERDAM 43225613259.2651.560.700.180.51
ThailandSET 63333517152.9251.040.690.190.51
TaiwanGTSM 45826413557.6451.140.700.200.50
UKLSE 68433617249.1251.190.690.200.49
SwitzerlandSIX 51830415358.6950.330.670.170.49
SpainIBEX 69334417449.6450.580.770.280.49
DenmarkCOPENHAGEN 46826413456.4150.760.670.200.48
PortugalLISBON 56526013146.0250.380.770.290.47
AustraliaASX 57635319561.2855.240.700.240.47
BangladeshDSE 55135914765.1540.950.640.180.45
JapanFUKUOKA 2661657362.0344.241.330.880.45
USFOREX 135567035049.4552.240.620.190.43
JordanASE 94449917752.8635.472.031.610.42
USOTCBB 48261254.1746.154.464.040.42
Hong KongHKEX 62431414550.3246.180.590.180.40
MalaysiaBURSA 56533115758.5847.430.620.260.36
Vietnam HOSE 54932415759.0248.460.520.230.29
SingaporeSGX 81446620457.2543.780.410.140.27
ChinaSSE 47924611651.3647.150.500.280.22
USPREFERRED 606124762.580.180.010.000.00
RussiaMICEX 43800055.660.000.000.000.00
USWARRANTS 10860048.250.000.000.000.00
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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