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 2312552.1741.6725.924.9221.00
ArgentinaBUE 149775951.6876.628.401.197.21
KuwaitKSE 2115571.4333.337.471.535.93
CanadaTSX-V 2781566756.4742.688.373.035.34
DenmarkCOPENHAGEN 165915555.1560.445.640.764.88
EgyptEGX 168865251.1960.475.831.284.55
Hong KongHKEX 2230113059950.6753.015.521.284.24
South KoreaKOSDAQ 146577648353.0462.164.890.744.15
IndiaBSE 150887654358.0961.995.411.284.13
IndiaNSE 66641324862.0160.055.091.044.05
OmanMSM 235421.7480.004.400.404.00
USOTC PINK 2287125963655.2750.326.352.613.74
IndonesiaIDX 3541698947.7452.664.110.643.47
NorwayOSE 2731417852.3854.554.731.413.33
UKLSE 3410150094744.0563.054.130.813.31
ChinaSZSE 1617104465364.5662.554.070.873.21
RussiaMICEX 32118610757.9457.533.920.743.18
TurkeyBIST 44825015055.8060.003.800.643.16
SwedenSTOCKHOLM 107059032455.2354.824.121.103.01
Greece ATHENS 86482655.8154.174.131.172.96
USNASDAQ 31691928118360.8761.333.810.942.87
IsraelTASE 48926817954.8166.793.620.762.86
ChinaSSE 116876145265.1559.403.640.832.81
JapanTOKYO 37462208133058.9460.243.560.832.73
JordanASE 45251355.5652.003.881.162.72
USAMEX 38822512857.9956.893.460.822.64
The World 51102292321734957.2359.323.530.902.63
ItalyBORSA 133481247460.8758.373.350.812.54
FrancePARIS 136670744951.7663.513.180.632.54
JapanFUKUOKA 104340.0075.002.750.252.50
MalaysiaBURSA 53225113347.1852.993.561.112.45
BrazilBOVESPA 35420611258.1954.373.240.802.45
South KoreaKRX 167087554052.4061.713.080.632.45
SpainIBEX 1781027057.3068.633.190.782.40
BelgiumBRUSSELS 144835057.6460.242.980.602.37
Austria WIENERBORSE 53281652.8357.142.790.502.29
CanadaTSX 1918112665458.7158.082.980.712.27
SingaporeSGX 168885052.3856.823.130.912.22
QatarQE 70331647.1448.483.181.002.18
JapanNAGOYA 55331960.0057.582.940.882.06
GermanyXETRA 149394956563.5659.542.540.701.84
NetherlandsAMSTERDAM 31218912460.5865.612.260.421.84
TaiwanTWSE 131567838251.5656.342.410.591.82
MexicoBMV 2561569860.9462.822.310.511.79
AustraliaASX 88747824753.8951.672.921.161.77
TaiwanGTSM 115156829249.3551.412.630.881.75
SwitzerlandSIX 53332919461.7358.971.890.471.41
USNYSE 49093085176362.8457.152.100.731.37
UAEUAE 68442164.7147.733.252.001.25
USWARRANTS 2114766.6750.002.641.571.07
Saudi ArabiaTADAWUL 2731548056.4151.951.880.871.01
PortugalLISBON 68361752.9447.222.421.610.81
USOTCBB 2915751.7246.673.202.530.67
USPREFERRED 46926215455.8658.780.860.290.57
USAMEX 2312552.1741.670.330.250.08
FOREXFOREX 95155.5620.000.200.200.00
TurkeyBIST 221100.0050.000.000.000.00
Austria WIENERBORSE 21050.000.000.002.00-2.00
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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