Bullish Harami Cross

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Figure 1. Bullish Harami Cross pattern.

Figure 1. Bullish Harami Cross pattern.

Japanese name: harami yose sen
Forecast: bullish reversal
Trend prior to the pattern: downtrend
Opposite pattern: Bearish Harami Cross

Construction:

  • First candle
    • a candle in a downtrend
    • black 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 Bullish Harami Cross is a  two-line bullish reversal pattern. The first candle engulfs the second one, being a doji candle, including shadows.

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

The Bullish Harami Cross appears in a downtrend and predicts its reversal. The pattern 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 black candle, which may become an important resistance zone. For this reason, the one should be careful when such pattern is formed on the chart.

Figure 2.

Figure 2. Two Falling Window occurrences are followed by a Long Black Candle. The chart represents a bearish mood.
Next candle is of doji type, which together with the Long Black Candle forms a Bullish Harami Cross pattern.
Indeed, the next day the market moves up and closes the Long Black Candle. Falling Window patterns stops the bulls for a while and price moves sideways. Finally price breaks out upward thanks to a Rising Window pattern, occurring at a high trading volume. The bulls however are not strong enough and stock moved sideways and then downward.

Figure 3.

Figure 3. A Bullish Harami Cross is followed by a Takuri Line formed by a High Wave basic candle. The Takuri Line cannot be regarded as a confirmation of the Bullish Harami Cross. The Have Wave candle closed below the opening of a (1) Black Candle, being the first line of the Bullish Harami Cross pattern.
The Bullish Harami Cross and Takuri Line patterns are cancelled by a (2) Black Candle.

Bullish Harami Cross statistics

Below you can find some Bullish 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: Bullish 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 (Bullish Harami Cross): 1,132
Number of occurrences (all candlestick patterns): 638,570
% of occurrences (Bullish Harami Cross): 0.18 %
Average frequency: 1,975.6
Efficiency statistics (5 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
3 201 315 220 393
% of
Occurrences
0.27 % 17.49 % 27.83 % 19.43 % 34.98 %
Efficiency statistics (10 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
4 185 246 182 515
% of
Occurrences
0.35 % 15.99 % 21.73 % 16.08 % 45.85 %
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
IR 4 1,258.5 4 100.00 % 4 100.00 %
FCX 8 628.8 7 87.50 % 7 87.50 %
NFX 6 838.3 3 50.00 % 5 83.33 %
CCE 5 1,006.8 4 80.00 % 4 80.00 %
FLS 5 1,006.8 4 80.00 % 4 80.00 %
HOG 5 1,006.8 3 60.00 % 4 80.00 %
ADBE 4 1,258.5 3 75.00 % 3 75.00 %
APA 4 1,258.5 1 25.00 % 3 75.00 %
ARG 4 1,258.5 1 25.00 % 3 75.00 %
DO 4 1,241.0 2 50.00 % 3 75.00 %
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
CHK 5 1,006.8 3 60.00 % 3 60.00 %
AMT 4 1,073.8 2 50.00 % 2 50.00 %
BEN 4 1,258.5 2 50.00 % 2 50.00 %
MET 4 958.0 2 50.00 % 2 50.00 %
RRC 4 1,258.5 2 50.00 % 2 50.00 %
SNDK 6 824.0 3 50.00 % 3 50.00 %
NEM 7 719.1 3 42.86 % 3 42.86 %
NTAP 7 704.9 3 42.86 % 3 42.86 %
DVN 5 1,006.8 2 40.00 % 2 40.00 %
AES 6 839.0 2 33.33 % 2 33.33 %
Pattern name: Bullish 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 (Bullish Harami Cross): 273
Number of occurrences (all candlestick patterns): 166,328
% of occurrences (Bullish Harami Cross): 0.16 %
Average frequency: 2,249.2
Efficiency statistics (5 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
3 32 87 74 77
% of
Occurrences
1.10 % 10.62 % 31.87 % 27.11 % 29.30 %
Efficiency statistics (10 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
4 29 58 56 126
% of
Occurrences
1.47 % 9.15 % 21.25 % 20.51 % 47.62 %
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
ARG 3 419.3 1 33.34 % 3 100.00 %
CMA 2 629.0 2 100.00 % 2 100.00 %
EW 2 629.0 0 0.00 % 2 100.00 %
EXPE 2 629.0 1 50.00 % 2 100.00 %
FDX 2 629.0 1 50.00 % 2 100.00 %
GOOGL 2 629.0 0 0.00 % 2 100.00 %
HCN 2 629.0 2 100.00 % 2 100.00 %
IR 2 629.0 2 100.00 % 2 100.00 %
JCI 2 629.0 1 50.00 % 1 50.00 %
MJN 2 629.0 1 50.00 % 1 50.00 %
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
FTR 2 629.0 2 100.00 % 2 100.00 %
SNDK 2 629.0 2 100.00 % 2 100.00 %
APA 2 629.0 1 50.00 % 1 50.00 %
GPS 2 629.0 1 50.00 % 1 50.00 %
MAS 2 629.0 1 50.00 % 1 50.00 %
NTAP 2 629.0 1 50.00 % 1 50.00 %
SE 2 629.0 1 50.00 % 1 50.00 %
WMT 2 629.0 1 50.00 % 1 50.00 %
NEM 3 419.3 1 33.33 % 1 33.33 %
SWKS 3 419.3 1 33.33 % 1 33.33 %

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