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 2613550.0038.4623.924.5419.38
ArgentinaBUE 155816252.2676.548.191.157.04
KuwaitKSE 2215568.1833.337.471.535.93
CanadaTSX-V 2861606855.9442.508.193.025.17
DenmarkCOPENHAGEN 1711006458.4864.005.600.704.90
Hong KongHKEX 2276116762251.2753.305.661.304.36
EgyptEGX 171895352.0559.555.701.374.33
South KoreaKOSDAQ 149779549353.1162.014.920.754.17
IndiaBSE 156791256058.2061.405.381.294.10
IndiaNSE 68441624960.8259.865.091.054.04
NorwayOSE 2951518451.1955.635.261.403.85
USOTC PINK 2315127564355.0850.436.162.733.43
IndonesiaIDX 3611739047.9252.024.010.633.38
TurkeyBIST 45225615356.6459.773.990.633.36
UKLSE 3511154797844.0663.224.140.803.34
OmanMSM 163218.7566.674.000.673.33
SwedenSTOCKHOLM 111962134655.5955.634.261.093.17
ChinaSZSE 1743117375867.3064.623.960.803.16
USAMEX 38822513258.7657.893.890.733.15
RussiaMICEX 33819511057.6956.413.750.772.98
Greece ATHENS 87482655.1754.174.131.172.96
USNASDAQ 32291987121861.5761.273.880.952.93
IsraelTASE 50627118153.5666.793.620.762.86
JapanTOKYO 38542270136658.9060.183.550.812.73
ChinaSSE 127285751967.3760.563.510.792.72
The World 52674303601810057.6659.593.510.902.62
SingaporeSGX 173925553.1859.783.380.872.51
JapanFUKUOKA 104340.0075.002.750.252.50
South KoreaKRX 170588955052.4361.523.080.622.46
MalaysiaBURSA 54726013647.5352.313.541.092.45
ItalyBORSA 140386250761.4458.823.210.792.42
FrancePARIS 142175047252.7862.933.040.622.42
JapanNAGOYA 53311858.4958.063.190.812.39
JordanASE 51271352.9448.153.591.222.37
BrazilBOVESPA 36421211258.2452.833.150.832.32
SpainIBEX 1841067257.6167.923.080.772.31
BelgiumBRUSSELS 152865256.5860.472.870.582.29
CanadaTSX 1967115667258.7758.132.990.702.29
Austria WIENERBORSE 54291753.7058.622.720.482.24
ArgentinaBUE 1410571.4350.002.400.202.20
QatarQE 72341647.2247.063.091.002.09
PortugalLISBON 69371853.6248.653.591.572.03
TaiwanGTSM 84350.0075.002.000.002.00
RussiaMICEX 51120.00100.002.000.002.00
TaiwanTWSE 133169139651.9257.312.450.581.87
GermanyXETRA 1571100061163.6561.102.480.681.81
TaiwanGTSM 117558229949.5351.372.680.891.78
MexicoBMV 26215910060.6962.892.270.501.77
NetherlandsAMSTERDAM 33220813662.6565.382.130.401.73
AustraliaASX 91349425054.1150.612.891.241.66
SwitzerlandSIX 54133619962.1159.231.890.471.42
USNYSE 50043168181063.3157.132.090.731.36
Poland GPW 43375.00100.001.330.001.33
UAEUAE 68432163.2448.843.332.051.28
Hong KongHKEX 138561.5462.501.380.131.25
ItalyBORSA 65483.3380.001.600.401.20
Austria WIENERBORSE 65483.3380.001.600.401.20
DenmarkCOPENHAGEN 75371.4360.001.600.401.20
FrancePARIS 65483.3380.001.600.401.20
Greece ATHENS 75471.4380.001.600.401.20
UKLSE 96566.6783.331.170.001.17
NorwayOSE 86575.0083.331.330.171.17
USWARRANTS 2114766.6750.002.641.571.07
MalaysiaBURSA 105350.0060.001.400.401.00
MexicoBMV 149664.2966.671.220.221.00
IndonesiaIDX 74257.1450.001.500.501.00
IsraelTASE 53260.0066.671.000.001.00
ThailandSET 71114.29100.001.000.001.00
USOTCBB 2613650.0046.153.542.541.00
Saudi ArabiaTADAWUL 2801578156.0751.591.860.880.98
JapanTOKYO 149564.2955.561.110.220.89
SwedenSTOCKHOLM 167343.7542.861.140.430.71
ChileBCS 127558.3371.430.860.140.71
CanadaTSX 10107100.0070.000.700.000.70
SingaporeSGX 83237.5066.670.670.000.67
USFOREX 29161155.1768.750.690.060.63
ChinaSSE 85262.5040.001.200.600.60
USPREFERRED 46525814855.4857.360.840.300.55
NetherlandsAMSTERDAM 54380.0075.001.000.500.50
BelgiumBRUSSELS 54380.0075.001.000.500.50
SpainIBEX 64366.6775.001.000.500.50
GermanyXETRA 54380.0075.001.000.500.50
PeruBVL 74357.1475.000.500.000.50
PortugalLISBON 64366.6775.001.000.500.50
UAEUAE 3016853.3350.000.630.190.44
Vietnam HOSE 1713976.4769.230.540.150.38
FOREXFOREX 138561.5462.500.500.130.38
PhilippinesPSE 85162.5020.000.800.600.20
PakistanKSE 96266.6733.330.500.330.17
BrazilBOVESPA 128466.6750.000.630.500.13
TurkeyBIST 221100.0050.000.000.000.00
IndiaNSE 31133.33100.000.000.000.00
AustraliaASX 52240.00100.000.000.000.00
SwitzerlandSIX 21050.000.000.000.000.00
BangladeshDSE 82125.0050.000.000.50-0.50
South KoreaKOSDAQ 41025.000.000.001.00-1.00
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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