Bearish Harami Cross

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Figure 1.

Figure 1. Bearish Harami Cross pattern.

Japanese name: harami yose sen
Forecast: bearish reversal
Trend prior to the pattern: uptrend
Opposite pattern: Bullish Harami Cross

Construction:

  • First candle
    • a candle in an uptrend
    • white body
    • appears on as a long line
  • Second candle
    • a doji candle with two shadows
    • the candle (including shadows) is engulfed by the previous candle's body

 

The Bearish Harami Cross is a  two-line bearish reversal pattern. The first candle engulfs the second one, being a doji candle, including shadows.

The first line of the pattern can be any white candle appearing on as a long line, i.e.: White Candle, Long White Candle, White Marubozu, Opening White Marubozu, Closing White Marubozu. Spinning tops with white bodies are not accepted. The second line is a doji candle which has two shadows forming a cross.

The Bearish Harami Cross appears in an uptrend and predicts its reversal. The patterns should be confirmed on the nearest following candles. A doji candle appearing as the second line indicates the market indecision. Interestingly, in order to recognize the pattern as valid, its first line needs to be a long white candle, which may become an important support zone. For this reason, the one should be careful when such pattern is formed on the chart.

 

Figure 2.

Figure 2. The Bearish Harami Cross pattern should be confirmed, that is the first line has to be covered. A similar situation is in the case of the Bearish Harami pattern.
The second line of the pattern is a doji candle, indicating the market indecision.
On the figure, we can see how a Bearish Harami Cross is confirmed on the following candle by a Long Black Candle. The candle is forming a strong resistance area for future price increases.

 

Figure 3.

Figure 3. A Bearish Harami Cross pattern is formed above a strong support area (high trading volume) formed by a Rising Window pattern. A Black Candle managed to cover the first line of the Bearish Harami Cross. The candle appears as a second line of a Bearish Engulfing pattern. The market is strong however, and the bears cannot break out of the support zone. The bulls are in control of the market again, confirmed by a White Candle line.

 

Bearish Harami Cross statistics

Below you can find some Bearish Harami Cross pattern statistics calculated by CandleScanner software. To see more detailed statistics, for other markets and periodicity try our CandleScanner software. Prices start at only $10, and you can see more detailed statistics, for other markets and periodicity. Click here to find out more!

Pattern name: Bearish Harami Cross
Scanner settings: daily stocks
Group: S&P500
Number of symbols: 502
Date range: 7/1/1995 - 6/30/2015
Time interval: daily candles
Total number of candlesticks: 2,236,421
Number of occurrences (Bearish Harami Cross): 1,443
Number of occurrences (all candlestick patterns): 638,570
% of occurrences (Bearish Harami Cross): 0.23 %
Average frequency: 1,549.8
Efficiency statistics (5 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
1 197 512 275 458
% of
Occurrences
0.07 % 13.58 % 35.48 % 19.06 % 31.81 %

 

Efficiency statistics (10 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
5 187 404 262 585
% of
Occurrences
0.35 % 12.61 % 28.00 % 18.16 % 40.88 %

 

10 top best performing symbols

Occurrences Statistics 5 candlesticks testing period
(HIGH efficiency)
10 candlesticks testing period
(HIGH efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
CELG 4 1,258.5 4 100.00 % 4 100.00 %
PCP 5 1,006.8 4 80.00 % 5 100.00 %
PXD 4 1,258.5 4 100.00 % 4 100.00 %
SEE 4 1,086.5 2 50.00 % 4 100.00 %
SPLS 6 839.0 4 66.67 % 6 100.00 %
ETN 6 839.0 4 66.66 % 5 83.33 %
CHRW 5 891.0 2 40.00 % 4 80.00 %
DO 5 992.8 4 80.00 % 4 80.00 %
DVA 5 990.0 1 20.00 % 4 80.00 %
JWN 5 1,006.8 2 40.00 % 4 80.00 %

 

10 top worst performing symbols

Occurrences Statistics 5 candlesticks testing period
(FALSE efficiency)
10 candlesticks testing period
(FALSE efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
OI 5 1,006.8 3 60.00 % 3 60.00 %
TRV 5 1,006.8 3 60.00 % 3 60.00 %
AXP 4 1,258.5 2 50.00 % 2 50.00 %
GIS 4 1,258.5 2 50.00 % 2 50.00 %
KEY 4 1,258.5 2 50.00 % 2 50.00 %
MCHP 4 1,258.5 2 50.00 % 2 50.00 %
RAI 6 672.8 3 50.00 % 3 50.00 %
BF.B 5 1,006.8 2 40.00 % 2 40.00 %
EBAY 5 843.6 2 40.00 % 2 40.00 %
HAS 5 1,006.8 2 40.00 % 2 40.00 %
Pattern name: Bearish Harami Cross
Scanner settings: daily stocks
Group: S&P500
Number of symbols: 502
Date range: 7/1/2010 - 6/30/2015
Time interval: daily candles
Total number of candlesticks: 614,034
Number of occurrences (Bearish Harami Cross): 344
Number of occurrences (all candlestick patterns): 166,328
% of occurrences (Bearish Harami Cross): 0.21 %
Average frequency: 1,785.0
Efficiency statistics (5 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
1 43 158 64 78
% of
Occurrences
0.29 % 12.21 % 45.93 % 18.60 % 22.97 %

 

Efficiency statistics (10 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
5 39 126 64 110
% of
Occurrences
1.45 % 9.89 % 36.63 % 18.60 % 33.43 %

 

10 top best performing symbols

Occurrences Statistics 5 candlesticks testing period
(HIGH efficiency)
10 candlesticks testing period
(HIGH efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
DVA 2 629.0 0 0.00 % 2 100.00 %
KMI 2 551.0 0 0.00 % 2 100.00 %
ORCL 2 629.0 1 50.00 % 2 100.00 %
PRU 2 629.0 1 50.00 % 2 100.00 %
WEC 2 629.0 1 50.00 % 2 100.00 %
MUR 4 314.5 2 50.00 % 3 75.00 %
APH 3 419.3 1 33.33 % 2 66.67 %
ETN 3 419.3 2 66.67 % 2 66.67 %
FLIR 3 419.3 2 66.67 % 2 66.67 %
FSLR 3 419.3 2 66.67 % 2 66.67 %

 

10 top worst performing symbols

Occurrences Statistics 5 candlesticks testing period
(FALSE efficiency)
10 candlesticks testing period
(FALSE efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
PNR 2 629.0 2 100.00 % 2 100.00 %
BSX 2 629.0 1 50.00 % 1 50.00 %
KEY 2 629.0 1 50.00 % 1 50.00 %
LLL 2 629.0 1 50.00 % 1 50.00 %
MSI 2 629.0 1 50.00 % 1 50.00 %
SCHW 2 629.0 1 50.00 % 1 50.00 %
SNI 2 629.0 1 50.00 % 1 50.00 %
STI 2 629.0 1 50.00 % 1 50.00 %
TYC 2 629.0 1 50.00 % 1 50.00 %
VFC 2 629.0 1 50.00 % 1 50.00 %

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