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 199347.3733.3329.676.5623.11
ArgentinaBUE 134705352.2475.718.691.237.46
KuwaitKSE 1812466.6733.338.581.507.08
CanadaTSX-V 2581506558.1443.338.543.045.50
OmanMSM 224418.18100.005.500.005.50
DenmarkCOPENHAGEN 155865455.4862.795.710.744.97
EgyptEGX 167855050.9058.825.761.354.41
Hong KongHKEX 2096106056850.5753.585.671.294.37
South KoreaKOSDAQ 142475446652.9561.804.910.754.16
IndiaBSE 145285452658.8261.595.331.304.03
USOTC PINK 2203120662154.8351.416.582.574.00
IndiaNSE 65440323961.6259.315.051.063.99
IndonesiaIDX 3361628748.2153.704.260.623.64
ChinaSZSE 138394661168.4064.594.370.813.56
NorwayOSE 2651407953.2156.034.911.403.51
UKLSE 3333145692043.6863.194.130.823.31
ChinaSSE 100468442368.1361.843.990.773.22
RussiaMICEX 30918410459.5556.523.900.753.15
TurkeyBIST 43324014155.4358.753.760.673.09
Greece ATHENS 85482656.4754.174.131.172.96
USAMEX 37521612957.6059.723.600.722.88
SwedenSTOCKHOLM 101055930055.3553.673.951.112.84
IsraelTASE 47425316753.8065.493.580.782.80
USNASDAQ 30531876114261.4560.873.740.962.79
JordanASE 46251354.3552.003.881.162.72
The World 48916280941668857.4559.393.540.902.64
JapanTOKYO 35812119126259.1759.563.410.832.58
QatarQE 63301647.6253.333.500.932.57
JapanFUKUOKA 104340.0075.002.750.252.50
South KoreaKRX 160284051752.4361.553.110.642.47
FrancePARIS 133469043451.7262.903.090.642.44
ItalyBORSA 129678545660.5758.093.250.822.43
MalaysiaBURSA 50423612546.8352.973.541.142.40
BrazilBOVESPA 34820410658.6251.963.250.852.40
Austria WIENERBORSE 53271550.9455.562.890.522.37
BelgiumBRUSSELS 139804757.5558.752.950.632.33
CanadaTSX 1844108963159.0657.943.010.692.32
SingaporeSGX 161824850.9358.543.271.022.24
SpainIBEX 171976556.7367.012.970.732.24
JapanNAGOYA 53321960.3859.383.030.882.16
NetherlandsAMSTERDAM 30118212060.4765.932.290.381.90
USOTCBB 3216850.0050.003.381.501.88
TaiwanTWSE 125365137451.9657.452.460.591.87
MexicoBMV 2461499460.5763.092.320.521.80
GermanyXETRA 145392254563.4559.112.480.701.78
AustraliaASX 85245523553.4051.652.901.161.73
TaiwanGTSM 110954827849.4150.732.600.911.69
SwitzerlandSIX 52232218861.6958.391.870.481.39
USNYSE 47062973169963.1757.152.110.741.37
UAEUAE 67421962.6945.243.242.021.21
USWARRANTS 2114766.6750.002.641.571.07
Saudi ArabiaTADAWUL 2591477556.7651.021.860.910.95
PortugalLISBON 67361753.7347.222.421.610.81
USPREFERRED 46726115255.8958.240.830.300.53
TurkeyBIST 222100.00100.000.500.000.50
FOREXFOREX 64166.6725.000.250.000.25
USAMEX 2312552.1741.670.330.250.08
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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