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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
PakistanKSE 2531308351.3863.859.730.888.85
USWARRANTS 26161061.5462.509.311.318.00
CanadaCSE 110542649.0948.1511.133.547.59
The World 70622400252337556.7058.386.600.925.68
ArgentinaBUE 2331288754.9467.976.751.075.68
Greece ATHENS 114664357.8965.155.890.675.23
USOTC PINK 2707147875054.8250.547.312.694.62
CanadaTSX-V 4262299053.7639.307.773.184.59
IndonesiaIDX 49322913046.4556.775.280.844.44
South KoreaKOSDAQ 2019101463650.2262.725.110.794.32
IndiaNSE 100157435857.4462.265.080.924.15
BangladeshDSE 2661226645.8654.105.111.133.98
TurkeyBIST 60734821357.3361.214.790.833.96
JordanASE 49241548.9862.504.670.833.83
Hong KongHKEX 2959149377350.4651.775.121.333.79
USAMEX 37921612456.9957.414.651.123.54
OmanMSM 142214.29100.003.500.003.50
IndiaBSE 1966110664456.2658.234.681.263.42
USOTCBB 106460.0066.674.000.673.33
EgyptEGX 1991015650.7555.454.441.113.33
PhilippinesPSE 37218710450.2755.614.160.843.32
SwedenSTOCKHOLM 184498554153.4254.924.421.233.18
UKLSE 39901859117446.5963.153.990.843.15
IsraelTASE 70237324153.4264.273.850.723.13
Vietnam HOSE 54426516348.7161.513.980.873.11
SingaporeSGX 179945752.5160.643.870.932.95
USNASDAQ 38512262136458.7660.273.971.062.91
BrazilBOVESPA 54930518055.5659.023.680.792.90
Poland GPW 139762635244.8856.143.941.052.89
Vietnam HNX 185915349.1958.244.401.662.74
SpainIBEX 2341448861.5461.113.350.762.58
JapanTOKYO 51033034181959.4659.953.340.792.54
RussiaMICEX 47526515755.7959.253.280.762.52
ChileBCS 144704648.6165.712.670.242.43
TaiwanGTSM 146870636148.0951.133.150.882.26
UAEUAE 70462865.7160.873.200.962.24
FrancePARIS 180898659254.5460.042.830.632.20
AustraliaASX 123970335656.7450.643.481.332.15
MalaysiaBURSA 65831415347.7248.733.231.112.12
KuwaitKSE 70372252.8659.462.950.862.08
ThailandSET 47922110846.1448.872.970.912.06
ChinaSZSE 30011880109362.6558.142.970.912.06
DenmarkCOPENHAGEN 2021237860.8963.412.710.652.06
Austria WIENERBORSE 82472857.3259.572.620.572.04
CanadaTSX 2382143383760.2058.372.740.752.00
South KoreaKRX 2336119771751.2459.902.620.631.99
ItalyBORSA 1757109962262.5556.602.750.771.98
NorwayOSE 37520810855.4751.923.431.531.90
TaiwanTWSE 166884547250.6655.862.480.621.86
ChinaSSE 2202136580561.9958.972.720.891.83
JapanNAGOYA 65362055.3855.562.420.641.78
TaiwanGTSM 64366.6775.002.000.251.75
MexicoBMV 32819612259.7662.242.340.611.72
BelgiumBRUSSELS 2031187458.1362.711.980.431.55
USNYSE 58323672213562.9658.142.230.721.50
SwitzerlandSIX 42150.0050.001.500.001.50
GermanyXETRA 1986131678866.3159.832.120.641.47
Saudi ArabiaTADAWUL 38920411952.4458.332.220.771.45
Poland GPW 95355.5660.001.600.201.40
NetherlandsAMSTERDAM 43627817663.7663.311.640.461.18
Greece ATHENS 15111073.3390.911.360.181.18
Austria WIENERBORSE 13111084.6290.911.360.181.18
IsraelTASE 116454.5566.671.330.171.17
PortugalLISBON 71412757.7565.852.100.951.15
NorwayOSE 127658.3385.711.290.141.14
SwitzerlandSIX 71544024261.5455.001.670.581.09
ItalyBORSA 14121085.7183.331.250.171.08
FrancePARIS 14121085.7183.331.250.171.08
UKLSE 136546.1583.331.000.001.00
IndiaNSE 85462.5080.001.000.001.00
JapanTOKYO 2212854.5566.671.080.081.00
PakistanKSE 2716859.2650.001.190.250.94
Hong KongHKEX 2013865.0061.541.080.150.92
PortugalLISBON 14111078.5790.911.090.180.91
MexicoBMV 1610662.5060.001.100.200.90
MalaysiaBURSA 157346.6742.861.000.140.86
SpainIBEX 15121080.0083.331.000.170.83
NetherlandsAMSTERDAM 1311984.6281.821.000.180.82
BelgiumBRUSSELS 1311984.6281.821.000.180.82
GermanyXETRA 1311984.6281.821.000.180.82
FOREXFOREX 2112857.1466.670.830.080.75
QatarQE 77351845.4551.431.801.090.71
DenmarkCOPENHAGEN 16131081.2576.920.850.150.69
SwedenSTOCKHOLM 189450.0044.441.000.330.67
IndonesiaIDX 126350.0050.001.000.330.67
ArgentinaBUE 108480.0050.001.000.380.63
SingaporeSGX 168750.0087.500.630.000.63
CanadaTSX 1713776.4753.850.620.000.62
BrazilBOVESPA 1210683.3360.001.100.500.60
ChinaSSE 137453.8557.141.000.430.57
USPREFERRED 56229714352.8548.150.780.370.41
RussiaMICEX 115445.4580.000.800.400.40
USFOREX 41251260.9848.000.520.160.36
ChileBCS 2214763.6450.000.500.140.36
ThailandSET 103130.0033.330.330.000.33
Vietnam HOSE 2516964.0056.250.440.190.25
JapanFUKUOKA 114236.3650.001.001.000.00
PhilippinesPSE 115145.4520.000.800.800.00
UAEUAE 3620755.5635.000.350.40-0.05
AustraliaASX 115345.4560.000.000.20-0.20
TurkeyBIST 331100.0033.330.000.33-0.33
South KoreaKOSDAQ 63150.0033.330.000.33-0.33
BangladeshDSE 143021.430.000.000.67-0.67
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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