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 138361.5437.5028.503.1325.38
ArgentinaBUE 36721212258.0457.286.101.794.31
TurkeyBIST 80946926657.9756.725.241.074.16
The World 106913613063247357.4052.915.281.144.14
CanadaCSE 2001024451.0043.148.905.163.75
Greece ATHENS 1841055857.0755.244.821.123.70
South KoreaKOSDAQ 2894147880851.0754.674.751.083.67
EgyptEGX 3111467946.9554.114.851.233.62
Poland GPW 198092046046.4650.004.831.273.56
OmanMSM 152213.33100.003.500.003.50
USOTCBB 106460.0066.674.000.673.33
USOTC PINK 3998219199755.5344.916.573.413.15
SwedenSTOCKHOLM 3201174087154.3650.064.691.543.15
PakistanKSE 37220911556.1855.024.461.333.13
IndonesiaIDX 82037718845.9849.874.321.223.10
IndiaNSE 153486643656.4550.354.391.343.05
UKLSE 55392599151347.0858.014.020.993.03
Hong KongHKEX 42092154101551.2547.064.501.562.94
USNASDAQ 56303395182660.3453.754.151.422.73
BangladeshDSE 4141979747.5849.244.081.462.61
IndiaBSE 3055165380554.1448.674.291.732.56
IsraelTASE 114063836556.1457.033.521.002.52
JordanASE 55291352.7344.833.340.902.45
MalaysiaBURSA 91144121148.4147.853.731.292.44
PhilippinesPSE 55227413949.6450.733.541.122.42
MexicoBMV 44926115158.1357.853.190.792.40
USAMEX 85351027159.7953.143.571.232.35
NorwayOSE 66636617054.9546.453.891.632.26
DenmarkCOPENHAGEN 32018210456.8857.143.271.042.23
ArgentinaBUE 1813972.2269.232.460.232.23
RussiaMICEX 67937919355.8250.923.110.952.16
CanadaTSX-V 63433213352.3740.065.783.672.11
TaiwanGTSM 2278111754049.0348.343.111.042.07
Vietnam HOSE 94544623347.2052.243.071.072.01
South KoreaKRX 3095160086651.7654.062.800.792.01
ThailandSET 77335016645.2847.433.081.091.98
FrancePARIS 2529139977355.3655.212.780.801.98
JapanTOKYO 81664769255558.4053.583.011.031.98
BrazilBOVESPA 102155127153.9749.183.081.141.94
CanadaTSX 33872079112761.3854.212.720.891.82
Vietnam HNX 2491195847.7948.743.711.911.81
TaiwanTWSE 2599139973353.8352.392.550.751.80
SingaporeSGX 2381205750.4247.503.081.301.78
AustraliaASX 1853105050956.6648.483.321.551.78
Austria WIENERBORSE 64432567.1958.142.881.141.74
Saudi ArabiaTADAWUL 59031718153.7357.102.310.791.51
TaiwanGTSM 126550.0083.331.670.171.50
SwitzerlandSIX 98059932761.1254.592.130.641.49
GermanyXETRA 30152028111067.3354.682.240.751.49
SpainIBEX 3041859760.8652.432.370.941.43
BelgiumBRUSSELS 2731629659.3459.262.050.621.43
ChinaSZSE 45042706128660.0847.522.741.321.42
UAEUAE 90563062.2253.572.521.111.41
ItalyBORSA 2423151779563.0652.032.250.851.40
ChinaSSE 33862013100759.4550.022.531.151.38
USNYSE 76094885270564.2055.372.250.901.36
IsraelTASE 1811661.1154.551.360.091.27
Hong KongHKEX 28181264.2966.671.330.111.22
Austria WIENERBORSE 20141270.0085.711.360.141.21
PakistanKSE 40251362.5052.001.440.281.16
ItalyBORSA 23151265.2280.001.270.131.13
FrancePARIS 23151265.2280.001.270.131.13
NetherlandsAMSTERDAM 61939522863.8157.721.670.571.10
ChileBCS 2111015147.8750.501.760.681.08
Greece ATHENS 23151265.2280.001.270.201.07
JapanNAGOYA 92522256.5242.312.191.191.00
IndiaNSE 145435.7180.001.000.001.00
KuwaitKSE 147703147.6244.292.511.530.99
JapanTOKYO 31201364.5265.001.000.050.95
NetherlandsAMSTERDAM 22141163.6478.571.070.140.93
BelgiumBRUSSELS 22141163.6478.571.070.140.93
GermanyXETRA 22141163.6478.571.070.140.93
IndonesiaIDX 1711764.7163.641.090.180.91
QatarQE 125622749.6043.552.261.350.90
UKLSE 178647.0675.001.000.130.88
PortugalLISBON 22151268.1880.001.070.200.87
SwedenSTOCKHOLM 2212654.5550.001.170.330.83
NorwayOSE 1510766.6770.000.900.100.80
FOREXFOREX 28191267.8663.160.890.110.79
USPREFERRED 70940620757.2650.991.190.410.78
SpainIBEX 26191373.0868.420.840.110.74
PortugalLISBON 100542754.0050.001.701.040.67
DenmarkCOPENHAGEN 26171365.3876.470.760.120.65
MalaysiaBURSA 2111452.3836.360.730.090.64
MexicoBMV 2214763.6450.000.860.290.57
SingaporeSGX 179752.9477.780.560.000.56
ChinaSSE 1811761.1163.640.820.270.55
Poland GPW 1711764.7163.640.820.270.55
SwitzerlandSIX 75271.4340.000.800.400.40
RussiaMICEX 125441.6780.000.800.400.40
CanadaTSX 2216872.7350.000.500.130.38
USFOREX 58321555.1746.880.500.190.31
BrazilBOVESPA 2216772.7343.750.810.560.25
ThailandSET 2010450.0040.000.400.200.20
AustraliaASX 147550.0071.430.290.140.14
ChileBCS 3922856.4136.360.450.320.14
UAEUAE 53281352.8346.430.430.320.11
Vietnam HOSE 34221264.7154.550.320.320.00
PhilippinesPSE 146242.8633.330.670.670.00
BangladeshDSE 154126.6725.000.500.500.00
JapanFUKUOKA 165331.2560.000.800.800.00
South KoreaKOSDAQ 137353.8542.860.140.29-0.14
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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