BULLISH HAMMER
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 HAMMER
Definition
This pattern occurs at the bottom of a trend or during a downtrend and it is called a Hammer since it is hammering out of a bottom. It is a single candlestick pattern that has a long lower shadow and a small body at or very near the top of its daily trading range.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A small body at the upper end of the trading range is observed. The color of the body is not important.
3. The lower shadow of this candlestick is at least twice as long as the body.
4. There is (almost) no upper shadow.
Pattern Requirements and Flexibility
The body of the Hammer should be small. The lower shadow should be at least twice as long as the body, but not shorter than an average candlestick. It is desired that there is no or a very tiny upper shadow. The bottom of the Hammer’s body should be lower than both of the two preceding black candlesticks.
Trader’s Behavior
The Bullish Hammer appears in a downtrend and it sells off sharply following the market open. After the decline ceases, the market almost returns to the high of the day. Apparently the market fails to continue on the selling side. This observation reduces the previous bearish sentiment causing short traders to feel increasingly uneasy with their bearish positions. If the body of the Hammer is white, then the situation looks even better for the bulls.
Buy/Stop Loss Levels
The confirmation level is defined as the top of the Hammer’s body. Prices should cross above this level for confirmation.

The stop loss level is defined as the last low. 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 1/1/2014
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
CanadaCSE 146342.8650.0044.508.5036.00
ArgentinaBUE 120624952.5077.788.941.057.89
KuwaitKSE 1712570.5941.678.751.257.50
CanadaTSX-V 2441365955.7443.389.053.115.94
OmanMSM 214419.05100.005.500.005.50
DenmarkCOPENHAGEN 143814956.6460.495.990.795.20
USOTCBB 34181052.9455.566.281.334.94
South KoreaKOSDAQ 128968242853.0662.575.160.764.41
Hong KongHKEX 1989101054850.8854.155.681.314.37
EgyptEGX 154774450.0057.145.601.494.10
IndiaBSE 136479948458.5860.585.371.344.03
IndiaNSE 62638322661.1859.015.111.094.02
USOTC PINK 2065112857354.7250.716.482.673.81
IndonesiaIDX 3271639049.8555.214.350.633.72
NorwayOSE 2401267052.5055.565.131.453.68
ChinaSZSE 129489257368.9364.244.390.843.55
UKLSE 3192137187342.9563.684.180.823.36
RussiaMICEX 28617510061.1957.143.920.703.22
ChinaSSE 91663539769.3262.523.980.783.21
TurkeyBIST 41522813154.9457.463.810.683.13
JordanASE 45241353.3354.174.081.043.04
QatarQE 55261447.2753.853.960.923.04
Greece ATHENS 87472554.0253.194.191.193.00
USAMEX 34119311156.6057.513.640.762.88
USNASDAQ 27711670100560.3860.073.840.992.85
IsraelTASE 44924015953.9065.703.610.792.82
SwedenSTOCKHOLM 90849727054.7454.333.931.112.81
The World 45661259641533456.9059.023.580.922.66
JapanTOKYO 33491956117358.4159.973.440.822.62
Austria WIENERBORSE 49251551.0260.003.040.482.56
JapanFUKUOKA 94344.4475.002.750.252.50
South KoreaKRX 146977447252.6960.983.170.672.50
MalaysiaBURSA 47922112046.1454.303.641.172.47
FrancePARIS 125364840651.7262.653.100.672.44
BelgiumBRUSSELS 129754358.1457.333.010.672.35
ItalyBORSA 121772241859.3357.893.170.832.34
JapanNAGOYA 50301960.0063.333.200.902.30
CanadaTSX 169199356358.7256.702.990.722.27
BrazilBOVESPA 3261879557.3650.803.060.892.17
SpainIBEX 159906056.6066.672.810.792.02
NetherlandsAMSTERDAM 28516811058.9565.482.350.401.95
MexicoBMV 2281368759.6563.972.430.501.93
TaiwanTWSE 118761034651.3956.722.500.611.89
GermanyXETRA 135583248461.4058.172.520.711.80
TaiwanGTSM 105651225948.4850.592.660.891.77
AustraliaASX 78241921253.7150.482.811.101.71
SingaporeSGX 152784351.3255.132.861.171.69
SwitzerlandSIX 50030817961.6058.121.910.481.43
USNYSE 42832658148262.0655.762.110.781.33
UAEUAE 62411966.1346.343.322.001.32
USWARRANTS 2114766.6750.002.641.571.07
Saudi ArabiaTADAWUL 2231256056.0548.001.880.980.90
PortugalLISBON 65361755.3847.222.421.610.81
USPREFERRED 45425114655.2958.170.840.290.55
FOREXFOREX 64166.6725.000.250.000.25
USAMEX 2312552.1741.670.330.250.08
TurkeyBIST 111100.00100.000.000.000.00
JapanSAPPORO 41025.000.000.004.00-4.00
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
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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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