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 2612646.1550.0026.924.4222.50
PakistanKSE 1991147557.2965.7911.200.9310.27
KuwaitKSE 2315765.2246.677.931.206.73
ArgentinaBUE 143795855.2473.427.581.166.42
CanadaTSX-V 2651435853.9640.569.423.266.16
Greece ATHENS 74352247.3062.866.090.635.46
EgyptEGX 151784651.6658.976.361.005.36
DenmarkCOPENHAGEN 156935859.6262.375.450.694.76
Vietnam HOSE 2931509851.1965.335.200.784.42
Hong KongHKEX 2124109157851.3752.985.711.304.42
IndiaNSE 68841124659.8859.714.980.964.02
OmanMSM 16116.25100.004.000.004.00
USOTC PINK 2041111155954.4350.326.472.513.97
South KoreaKOSDAQ 144575347452.1162.954.820.873.95
Poland GPW 110651330946.3860.234.650.883.77
USAMEX 37220512555.1160.984.560.823.73
BangladeshDSE 195965249.2354.174.711.053.66
IndiaBSE 154387953256.9760.524.901.283.61
PhilippinesPSE 2471256850.6154.404.450.843.61
UKLSE 3107137387444.1963.664.270.763.51
Vietnam HNX 165784947.2762.824.631.183.45
TurkeyBIST 40422013254.4660.004.040.633.40
USOTCBB 106460.0066.674.000.673.33
SwedenSTOCKHOLM 111961233654.6954.904.261.103.16
USWARRANTS 2014870.0057.144.641.573.07
NorwayOSE 2801467452.1450.684.881.843.04
PortugalLISBON 58321855.1756.254.161.133.03
USNASDAQ 28811744105160.5360.263.780.952.83
IndonesiaIDX 3071538049.8452.293.410.632.78
MalaysiaBURSA 49924712649.5051.013.670.912.75
JordanASE 47271657.4559.263.701.002.70
The World 51955296921758457.1659.223.520.882.64
RussiaMICEX 33219512058.7361.543.420.782.64
Austria WIENERBORSE 51261750.9865.383.040.422.62
ChinaSZSE 1675113070267.4662.123.420.822.60
ThailandSET 38220310853.1453.203.540.952.59
South KoreaKRX 164685452451.8861.363.200.632.57
BelgiumBRUSSELS 129744857.3664.863.030.492.54
IsraelTASE 44723815453.2464.713.360.822.53
BrazilBOVESPA 3251839956.3154.103.330.812.52
JapanTOKYO 35432097124459.1959.323.290.782.51
ChinaSSE 123281949766.4860.683.310.812.50
CanadaTSX 1850108865058.8159.743.110.692.41
SpainIBEX 1771096961.5863.303.130.782.35
ItalyBORSA 130180445861.8056.973.050.822.23
FrancePARIS 132572743454.8759.702.890.662.23
ArgentinaBUE 1511673.3354.552.360.182.18
SingaporeSGX 142754452.8258.673.131.012.12
UAEUAE 59372162.7156.763.591.492.11
JapanNAGOYA 58322055.1762.502.910.812.09
TaiwanGTSM 111056530150.9053.272.840.802.03
RussiaMICEX 51120.00100.002.000.002.00
TaiwanGTSM 84350.0075.002.000.002.00
TaiwanTWSE 127566237851.9257.102.450.591.85
AustraliaASX 85547124155.0951.172.921.151.77
MexicoBMV 2561579661.3361.152.180.531.65
GermanyXETRA 138388252063.7758.962.270.641.62
NetherlandsAMSTERDAM 30619312663.0765.282.060.461.60
ChileBCS 101503149.5062.001.860.301.56
QatarQE 73351647.9545.712.711.171.54
IndiaNSE 52240.00100.001.500.001.50
SwitzerlandSIX 47729116461.0156.361.890.471.43
Poland GPW 43375.00100.001.330.001.33
USNYSE 44712811157862.8756.142.060.741.32
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
NorwayOSE 96566.6783.331.330.171.17
UKLSE 96566.6783.331.170.001.17
MexicoBMV 149664.2966.671.220.221.00
MalaysiaBURSA 105350.0060.001.400.401.00
IndonesiaIDX 84250.0050.001.500.501.00
IsraelTASE 53260.0066.671.000.001.00
ThailandSET 81112.50100.001.000.001.00
JapanTOKYO 149564.2955.561.110.220.89
PakistanKSE 118472.7350.001.130.250.88
Saudi ArabiaTADAWUL 2751497654.1851.011.700.870.83
SwedenSTOCKHOLM 167343.7542.861.140.430.71
ChileBCS 127558.3371.430.860.140.71
CanadaTSX 1110790.9170.000.700.000.70
SingaporeSGX 83237.5066.670.670.000.67
USFOREX 31171154.8464.710.650.060.59
USPREFERRED 43424013855.3057.500.830.320.51
NetherlandsAMSTERDAM 54380.0075.001.000.500.50
SpainIBEX 64366.6775.001.000.500.50
GermanyXETRA 54380.0075.001.000.500.50
ChinaSSE 96366.6750.001.000.500.50
BelgiumBRUSSELS 54380.0075.001.000.500.50
PeruBVL 74357.1475.000.500.000.50
PortugalLISBON 64366.6775.001.000.500.50
UAEUAE 3116851.6150.000.630.190.44
Vietnam HOSE 1813972.2269.230.540.150.38
FOREXFOREX 158553.3362.500.500.130.38
PhilippinesPSE 85162.5020.000.800.600.20
BrazilBOVESPA 128466.6750.000.630.500.13
TurkeyBIST 221100.0050.000.000.000.00
JapanFUKUOKA 53160.0033.331.001.000.00
AustraliaASX 52240.00100.000.000.000.00
SwitzerlandSIX 21050.000.000.000.000.00
BangladeshDSE 92122.2250.000.000.50-0.50
South KoreaKOSDAQ 51020.000.000.001.00-1.00
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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