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 157346.6742.8638.147.2930.86
ArgentinaBUE 128665251.5678.798.741.087.67
KuwaitKSE 1813572.2238.468.081.386.69
CanadaTSX-V 2481396156.0543.888.943.095.84
OmanMSM 214419.05100.005.500.005.50
DenmarkCOPENHAGEN 149835155.7061.455.880.775.11
Hong KongHKEX 2034103655750.9353.765.781.304.48
South KoreaKOSDAQ 134171445053.2463.035.120.744.38
EgyptEGX 165814849.0959.265.691.424.27
IndiaBSE 140382650658.8761.265.361.314.05
IndiaNSE 64239323161.2158.785.131.104.04
NorwayOSE 2541347852.7658.215.311.373.94
USOTC PINK 2098114758354.7250.786.422.623.80
IndonesiaIDX 3241578748.4655.414.360.623.74
ChinaSZSE 131690658768.8464.794.490.823.67
UKLSE 3239141689943.7263.494.200.823.38
ChinaSSE 93064440969.2563.514.100.763.34
RussiaMICEX 29117310059.4557.803.900.733.17
TurkeyBIST 42123113454.8758.013.770.673.10
USAMEX 35520311857.1858.133.790.733.06
QatarQE 58261444.8353.853.960.923.04
Greece ATHENS 85482656.4754.174.131.172.96
SwedenSTOCKHOLM 94051528054.7954.374.061.132.94
IsraelTASE 45824516353.9365.993.640.782.86
USNASDAQ 29231781108160.9360.703.770.982.79
JordanASE 46251354.3552.003.881.162.72
USOTCBB 3014946.6764.293.931.212.71
The World 46841268031593357.2359.433.590.912.68
JapanTOKYO 34342022121758.8860.193.460.822.64
JapanFUKUOKA 115445.4580.002.800.202.60
FrancePARIS 126865641251.7462.803.130.672.47
Austria WIENERBORSE 50261552.0057.693.000.542.46
South KoreaKRX 151480048852.8461.003.120.662.46
MalaysiaBURSA 48522312045.9853.813.601.182.42
BelgiumBRUSSELS 135794658.5258.233.010.632.38
ItalyBORSA 124474443059.8157.803.180.832.35
CanadaTSX 1749102659058.6657.503.040.702.34
JapanNAGOYA 51311960.7861.293.130.872.26
BrazilBOVESPA 3331939957.9651.303.040.882.16
SpainIBEX 162926256.7967.392.750.761.99
NetherlandsAMSTERDAM 28516911059.3065.092.350.401.95
TaiwanTWSE 120061735251.4257.052.510.601.91
SingaporeSGX 152794551.9756.962.911.061.85
MexicoBMV 2381439160.0863.642.340.501.85
GermanyXETRA 138886950862.6158.462.530.681.85
TaiwanGTSM 107152726749.2150.662.650.921.73
AustraliaASX 81143722253.8850.802.851.151.70
SwitzerlandSIX 50631418162.0657.641.890.491.41
USNYSE 44462809161063.1857.322.120.751.37
UAEUAE 65411963.0846.343.322.001.32
USWARRANTS 2114766.6750.002.641.571.07
Saudi ArabiaTADAWUL 2371306554.8550.001.900.950.95
PortugalLISBON 67361753.7347.222.421.610.81
USPREFERRED 44824714255.1357.490.810.290.52
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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