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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 107370.0042.8632.572.2930.29
CanadaCSE 176813746.0245.6810.314.196.12
The World 96456547792882456.8252.595.491.164.33
ArgentinaBUE 3081769957.1456.255.951.894.06
South KoreaKOSDAQ 2717137575550.7254.794.741.053.69
Greece ATHENS 169935255.0355.914.751.103.66
OmanMSM 152213.33100.003.500.003.50
TurkeyBIST 76244325058.1456.434.571.113.46
JordanASE 53271250.9444.444.371.043.33
USOTCBB 106460.0066.674.000.673.33
IndonesiaIDX 76135017345.9949.434.401.183.22
SwedenSTOCKHOLM 2860154177053.8849.974.741.523.22
Poland GPW 179582041045.6850.004.451.283.17
USOTC PINK 3502190985055.0344.116.633.493.14
IndiaNSE 143380739856.3249.324.421.363.06
EgyptEGX 2841367147.8952.214.261.233.04
Hong KongHKEX 3957203194451.3846.434.561.592.98
PakistanKSE 33618410354.7655.984.291.322.97
UKLSE 52232422140646.4357.983.841.032.81
BangladeshDSE 3791789147.2350.844.171.412.76
CanadaTSX-V 56029010651.7936.556.533.942.59
USNASDAQ 53283192171859.9153.823.991.412.58
IsraelTASE 103556532354.5957.173.411.002.41
IndiaBSE 2827151773353.6648.324.151.772.37
PhilippinesPSE 51325412649.5149.613.431.132.30
ArgentinaBUE 1813972.2269.232.460.232.23
RussiaMICEX 64435417854.9750.283.180.972.21
NorwayOSE 59432014553.8745.313.901.732.17
DenmarkCOPENHAGEN 2981739858.0556.653.251.082.17
Vietnam HOSE 85539921346.6753.383.241.102.14
BrazilBOVESPA 87249023956.1948.783.171.142.02
MexicoBMV 40623413357.6456.842.790.811.98
MalaysiaBURSA 83139818647.8946.733.311.331.97
TaiwanGTSM 2104103749849.2948.023.011.041.97
Vietnam HNX 2461196248.3752.103.801.831.97
JapanTOKYO 75144425238658.8953.922.991.031.96
USAMEX 78547525260.5153.053.091.211.87
ThailandSET 72933015445.2746.672.981.111.87
AustraliaASX 167895946357.1548.283.371.541.84
FrancePARIS 2407133472655.4254.422.640.801.83
SingaporeSGX 2161095550.4650.463.021.201.82
South KoreaKRX 3267170191252.0753.622.560.791.76
TaiwanTWSE 2398127666553.2152.122.490.751.75
CanadaTSX 32141952103960.7353.232.500.911.59
Austria WIENERBORSE 136773756.6248.052.531.001.53
TaiwanGTSM 116554.5583.331.670.171.50
SpainIBEX 2791759262.7252.572.430.961.47
UAEUAE 90552961.1152.732.561.131.44
KuwaitKSE 124622950.0046.772.661.261.40
Hong KongHKEX 2515960.0060.001.530.131.40
ItalyBORSA 2221139672262.8551.722.260.881.38
ChinaSSE 3068184492060.1049.892.521.181.33
ChinaSZSE 41372525119261.0347.212.641.341.30
PakistanKSE 36241366.6754.171.540.251.29
GermanyXETRA 28001878102767.0754.692.030.761.27
USNYSE 73874701258263.6454.922.180.911.27
BelgiumBRUSSELS 2471468959.1160.961.840.601.25
ChileBCS 199934846.7351.611.840.601.24
Saudi ArabiaTADAWUL 55229016152.5455.522.040.821.22
Austria WIENERBORSE 20141270.0085.711.360.141.21
JapanNAGOYA 87472154.0244.682.301.111.19
UKLSE 157646.6785.711.140.001.14
FrancePARIS 23151265.2280.001.270.131.13
ItalyBORSA 23151265.2280.001.270.131.13
SwitzerlandSIX 94458531461.9753.681.740.681.07
Greece ATHENS 23151265.2280.001.270.201.07
IsraelTASE 148557.1462.501.130.131.00
IndonesiaIDX 1610762.5070.001.200.201.00
IndiaNSE 135438.4680.001.000.001.00
JapanTOKYO 31201364.5265.001.000.050.95
BelgiumBRUSSELS 22141163.6478.571.070.140.93
GermanyXETRA 22141163.6478.571.070.140.93
NetherlandsAMSTERDAM 22141163.6478.571.070.140.93
NetherlandsAMSTERDAM 58236521662.7159.181.490.590.90
QatarQE 114552248.2540.002.361.470.89
PortugalLISBON 22151268.1880.001.070.200.87
SwedenSTOCKHOLM 2212654.5550.001.170.330.83
NorwayOSE 1510766.6770.000.900.100.80
SpainIBEX 25181372.0072.220.890.110.78
FOREXFOREX 27181166.6761.110.890.110.78
PortugalLISBON 95512653.6850.981.761.000.76
SwitzerlandSIX 53160.0033.331.000.330.67
DenmarkCOPENHAGEN 26171365.3876.470.760.120.65
USPREFERRED 64837418857.7250.271.040.400.64
MexicoBMV 2113761.9053.850.920.310.62
MalaysiaBURSA 2010350.0030.000.700.100.60
SingaporeSGX 179752.9477.780.560.000.56
ChinaSSE 1711764.7163.640.820.270.55
Poland GPW 1711764.7163.640.820.270.55
BrazilBOVESPA 2014770.0050.000.930.500.43
RussiaMICEX 125441.6780.000.800.400.40
CanadaTSX 2116876.1950.000.500.130.38
USFOREX 56321557.1446.880.500.190.31
ChileBCS 3521860.0038.100.480.290.19
Vietnam HOSE 32211265.6357.140.330.240.10
UAEUAE 48251052.0840.000.440.360.08
PhilippinesPSE 136246.1533.330.670.670.00
BangladeshDSE 154126.6725.000.500.500.00
AustraliaASX 126450.0066.670.170.170.00
South KoreaKOSDAQ 105350.0060.000.200.200.00
JapanFUKUOKA 165331.2560.000.800.800.00
ThailandSET 188344.4437.500.130.25-0.13
TurkeyBIST 117263.6428.570.290.43-0.14
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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