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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
PakistanKSE 38019711151.8456.357.211.375.84
CanadaCSE 166703143.3743.069.894.475.42
OmanMSM 203315.00100.004.670.004.67
The World 99893566462993256.7252.825.341.134.21
ArgentinaBUE 2941639855.4460.125.832.003.83
USWARRANTS 85262.5040.006.402.603.80
DenmarkCOPENHAGEN 30717610457.3359.094.300.903.40
South KoreaKOSDAQ 2784142578651.1955.164.361.023.35
USOTCBB 106460.0066.674.000.673.33
TurkeyBIST 84945525353.5955.604.361.033.33
Greece ATHENS 1841035955.9857.284.461.173.29
IndonesiaIDX 77135917346.5648.194.241.033.21
USOTC PINK 4021219099854.7945.306.273.352.92
IndiaNSE 147684242357.1150.184.251.342.92
BangladeshDSE 3891879548.0750.804.211.332.89
SwedenSTOCKHOLM 2730148374954.3250.514.381.502.88
Poland GPW 189786043145.3350.124.051.282.77
UKLSE 57562642154245.9058.363.710.962.75
IsraelTASE 102654832553.4159.313.620.892.72
EgyptEGX 3011507449.8349.334.161.472.69
IndiaBSE 3016165981755.0149.254.371.712.67
Hong KongHKEX 4055206094050.8045.634.281.612.67
PhilippinesPSE 52625712648.8649.033.701.082.62
KuwaitKSE 109512646.7950.983.781.182.61
CanadaTSX-V 52727810652.7538.136.103.582.51
Vietnam HOSE 80037719947.1352.793.541.112.43
Vietnam HNX 2721257345.9658.403.941.542.41
ArgentinaBUE 1611768.7563.642.640.272.36
USNASDAQ 55883351178259.9753.183.601.372.23
BrazilBOVESPA 83447123956.4750.743.160.942.22
RussiaMICEX 60634717557.2650.433.100.972.14
NorwayOSE 55230615355.4350.003.611.482.13
JapanTOKYO 76434515245859.0754.443.111.002.11
USAMEX 80346323757.6651.193.161.082.08
JordanASE 71351549.3042.863.201.142.06
ThailandSET 73736117148.9847.372.951.031.92
MalaysiaBURSA 94744421846.8849.103.171.331.84
SingaporeSGX 2461286352.0349.222.901.111.79
TaiwanGTSM 84350.0075.002.000.251.75
SpainIBEX 3021779158.6151.412.720.981.74
South KoreaKRX 3306173091352.3352.772.520.801.72
FrancePARIS 2603141078054.1755.322.540.821.72
TaiwanGTSM 2177108949650.0245.552.831.111.72
Austria WIENERBORSE 123683255.2847.062.570.901.68
CanadaTSX 32701969103860.2152.722.490.851.65
PortugalLISBON 100572757.0047.372.911.301.61
ChinaSZSE 39302385115360.6948.342.861.251.61
BelgiumBRUSSELS 2541559061.0258.062.240.661.57
ChileBCS 2151035447.9152.431.980.461.52
SwitzerlandSIX 42150.0050.001.500.001.50
ChinaSSE 2877175486160.9749.092.631.141.49
ItalyBORSA 2410151878862.9951.912.380.891.49
TaiwanTWSE 2482129766952.2651.582.210.741.47
MexicoBMV 40424113759.6556.852.180.761.42
JapanNAGOYA 78431955.1344.192.581.211.37
GermanyXETRA 28381907106967.2056.062.070.751.32
Austria WIENERBORSE 17131176.4784.621.460.151.31
Greece ATHENS 19131168.4284.621.460.151.31
AustraliaASX 166094645256.9947.782.711.481.23
Saudi ArabiaTADAWUL 54728715352.4753.312.110.881.23
PakistanKSE 34231267.6552.171.480.261.22
QatarQE 118602450.8540.002.401.181.22
FrancePARIS 19141173.6878.571.360.141.21
ItalyBORSA 19141173.6878.571.360.141.21
JapanTOKYO 27161159.2668.751.250.061.19
JapanFUKUOKA 196431.5866.671.670.501.17
UKLSE 157646.6785.711.140.001.14
IsraelTASE 127558.3371.431.290.141.14
USNYSE 80195047272562.9453.991.990.861.13
NetherlandsAMSTERDAM 61339623564.6059.341.620.531.08
PortugalLISBON 18131172.2284.621.230.151.08
BelgiumBRUSSELS 18131072.2276.921.150.151.00
GermanyXETRA 18131072.2276.921.150.151.00
IndiaNSE 115445.4580.001.000.001.00
NorwayOSE 138661.5475.001.130.131.00
NetherlandsAMSTERDAM 18131072.2276.921.150.151.00
SwedenSTOCKHOLM 2010550.0050.001.300.301.00
SwitzerlandSIX 97660432761.8954.141.620.621.00
FOREXFOREX 2314960.8764.291.070.140.93
SpainIBEX 21161276.1975.001.000.130.88
Hong KongHKEX 2214863.6457.141.000.140.86
IndonesiaIDX 148557.1462.501.000.250.75
MalaysiaBURSA 189350.0033.330.780.110.67
DenmarkCOPENHAGEN 24171370.8376.470.760.120.65
SingaporeSGX 168750.0087.500.630.000.63
MexicoBMV 2013765.0053.850.920.310.62
CanadaTSX 1814877.7857.140.570.000.57
Poland GPW 1711764.7163.640.820.270.55
USPREFERRED 68839419557.2749.490.800.360.44
BrazilBOVESPA 2014770.0050.000.930.500.43
RussiaMICEX 125441.6780.000.800.400.40
ChinaSSE 1610662.5060.000.700.300.40
USFOREX 51291456.8648.280.550.170.38
UAEUAE 106643160.3848.442.081.810.27
ChileBCS 2917758.6241.180.410.240.18
Vietnam HOSE 30201166.6755.000.350.250.10
BangladeshDSE 154126.6725.000.500.500.00
PhilippinesPSE 115145.4520.000.800.800.00
ThailandSET 146242.8633.330.170.170.00
UAEUAE 4323853.4934.780.350.39-0.04
TurkeyBIST 87287.5028.570.290.43-0.14
AustraliaASX 115345.4560.000.000.20-0.20
South KoreaKOSDAQ 74257.1450.000.000.25-0.25
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

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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