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
CanadaCSE 167743344.9144.009.894.205.69
The World 91020521162753457.2852.815.461.134.34
ArgentinaBUE 2771589257.0458.236.282.134.16
Greece ATHENS 145824956.5559.764.901.043.87
TurkeyBIST 74142123956.8256.774.551.053.50
OmanMSM 152213.33100.003.500.003.50
USOTC PINK 3404185284554.7945.316.763.363.40
USOTCBB 106460.0066.674.000.673.33
South KoreaKOSDAQ 2564128569550.2054.004.331.093.24
PakistanKSE 3161669452.5356.634.481.273.21
IndiaNSE 133575838456.8550.594.461.303.16
IndonesiaIDX 70232716146.5849.244.301.153.15
BangladeshDSE 3641718946.9852.054.431.343.09
JordanASE 52271451.9251.853.930.933.00
SwedenSTOCKHOLM 2617143272254.7250.424.361.472.89
Hong KongHKEX 3640186086351.1046.404.431.602.82
CanadaTSX-V 5062689852.9636.576.443.702.74
EgyptEGX 2671296748.3151.943.971.232.74
USWARRANTS 96266.6733.335.332.672.67
UKLSE 48672274131746.7457.893.621.012.61
IsraelTASE 91550429955.0859.333.530.922.60
Poland GPW 166075836245.6647.763.841.342.50
PhilippinesPSE 48023911949.7949.793.471.092.38
USNASDAQ 50303018161960.0653.593.731.392.34
ArgentinaBUE 1712870.5966.672.580.252.33
Vietnam HNX 2311085846.7553.704.071.802.28
IndiaBSE 2610142569154.6048.494.001.732.27
Vietnam HOSE 77035418945.9753.393.191.112.08
BrazilBOVESPA 75943021556.6550.003.020.962.06
RussiaMICEX 59233416956.4250.603.010.952.06
DenmarkCOPENHAGEN 2631558858.9456.772.920.922.01
SingaporeSGX 2021045451.4951.923.191.211.98
JapanTOKYO 69114130223159.7654.022.940.991.95
TaiwanGTSM 193896445849.7447.512.941.041.89
USAMEX 73645224661.4154.422.981.141.84
NorwayOSE 50727512754.2446.183.371.591.77
MalaysiaBURSA 77737217247.8846.243.051.291.76
ThailandSET 63329413946.4547.282.740.981.76
TaiwanGTSM 84350.0075.002.000.251.75
TaiwanTWSE 2182114859552.6151.832.390.731.67
FrancePARIS 2281127068755.6854.092.390.781.62
CanadaTSX 2985183397961.4153.412.450.881.58
MexicoBMV 37822012658.2057.272.300.741.56
South KoreaKRX 3008155882551.8052.952.340.811.53
AustraliaASX 150586742257.6148.673.031.511.53
Austria WIENERBORSE 117673257.2647.762.521.061.46
SpainIBEX 2751749263.2752.872.360.941.42
ChileBCS 189894547.0950.561.840.511.34
Greece ATHENS 19131168.4284.621.460.151.31
KuwaitKSE 110522647.2750.002.521.211.31
Austria WIENERBORSE 17131176.4784.621.460.151.31
BelgiumBRUSSELS 2381428759.6661.271.890.601.30
ItalyBORSA 2084132068063.3451.522.190.901.29
ChinaSZSE 39102385111761.0046.832.621.341.28
ChinaSSE 2874174386260.6549.452.441.211.23
PakistanKSE 35231265.7152.171.480.261.22
ItalyBORSA 19141173.6878.571.360.141.21
FrancePARIS 19141173.6878.571.360.141.21
Saudi ArabiaTADAWUL 52027415152.6955.112.040.851.20
JapanTOKYO 27161159.2668.751.250.061.19
USNYSE 71564589250864.1354.652.070.891.18
IsraelTASE 137553.8571.431.290.141.14
UKLSE 157646.6785.711.140.001.14
GermanyXETRA 2564175995868.6054.461.890.761.13
UAEUAE 84512660.7150.982.221.181.04
BelgiumBRUSSELS 18131072.2276.921.150.151.00
GermanyXETRA 18131072.2276.921.150.151.00
IndiaNSE 125441.6780.001.000.001.00
NetherlandsAMSTERDAM 18131072.2276.921.150.151.00
SwitzerlandSIX 87254829162.8453.101.630.640.99
PortugalLISBON 19141173.6878.571.140.210.93
NorwayOSE 159660.0066.671.000.110.89
NetherlandsAMSTERDAM 53934620564.1959.251.450.570.88
FOREXFOREX 25161064.0062.501.000.130.88
Hong KongHKEX 2314860.8757.141.000.140.86
SpainIBEX 22171277.2770.590.940.120.82
SwedenSTOCKHOLM 2111552.3845.451.180.360.82
PortugalLISBON 90502655.5652.001.821.020.80
IndonesiaIDX 159660.0066.671.000.220.78
JapanNAGOYA 80441955.0043.181.801.090.70
SwitzerlandSIX 53160.0033.331.000.330.67
DenmarkCOPENHAGEN 24171370.8376.470.760.120.65
MexicoBMV 2013765.0053.850.920.310.62
MalaysiaBURSA 1910452.6340.000.700.100.60
QatarQE 102492048.0440.821.941.370.57
SingaporeSGX 179752.9477.780.560.000.56
Poland GPW 1711764.7163.640.820.270.55
CanadaTSX 2015875.0053.330.530.000.53
BrazilBOVESPA 2014770.0050.000.930.500.43
RussiaMICEX 125441.6780.000.800.400.40
ChinaSSE 1710658.8260.000.700.300.40
USPREFERRED 62135316956.8447.880.790.390.40
USFOREX 53311558.4948.390.520.190.32
ChileBCS 3118758.0638.890.390.280.11
Vietnam HOSE 30201166.6755.000.350.250.10
UAEUAE 45251055.5640.000.440.360.08
PhilippinesPSE 126250.0033.330.670.670.00
ThailandSET 146242.8633.330.170.170.00
BangladeshDSE 154126.6725.000.500.500.00
South KoreaKOSDAQ 85362.5060.000.200.200.00
JapanFUKUOKA 155333.3360.000.800.800.00
TurkeyBIST 87287.5028.570.290.43-0.14
AustraliaASX 115345.4560.000.000.20-0.20
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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