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 1/1/2020
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
OmanMSM 152213.33100.003.500.003.50
USOTCBB 106460.0066.674.000.673.33
ArgentinaBUE 19141073.6871.432.500.212.29
TaiwanGTSM 1911757.8963.641.820.181.64
PakistanKSE 55311656.3651.611.810.321.48
BangladeshDSE 185227.7840.001.800.401.40
FOREXFOREX 43291767.4458.621.520.211.31
IsraelTASE 2213759.0953.851.380.081.31
Hong KongHKEX 47251553.1960.001.440.161.28
Austria WIENERBORSE 21151371.4386.671.330.131.20
ItalyBORSA 24161366.6781.251.250.131.13
IndiaNSE 238634.7875.001.250.131.13
FrancePARIS 24161366.6781.251.250.131.13
Greece ATHENS 24161366.6781.251.250.191.06
NetherlandsAMSTERDAM 24161366.6781.251.060.130.94
BelgiumBRUSSELS 24161366.6781.251.060.130.94
GermanyXETRA 23151265.2280.001.070.130.93
SwitzerlandSIX 1411678.5754.551.180.270.91
PortugalLISBON 23161369.5781.251.060.190.88
SwedenSTOCKHOLM 2513652.0046.151.080.310.77
SpainIBEX 27201474.0770.000.850.100.75
NorwayOSE 20141070.0071.430.860.140.71
DenmarkCOPENHAGEN 32191459.3873.680.790.110.68
JapanTOKYO 40271567.5055.560.810.150.67
IndonesiaIDX 2214863.6457.140.860.210.64
ChileBCS 74452260.8148.891.040.420.62
ThailandSET 2915651.7240.000.800.200.60
MalaysiaBURSA 3015750.0046.670.670.130.53
UKLSE 29161055.1762.500.630.130.50
Poland GPW 1812866.6766.670.750.250.50
ChinaSSE 2715955.5660.000.670.200.47
PhilippinesPSE 2616961.5456.250.750.310.44
USFOREX 78371847.4448.650.570.160.41
RussiaMICEX 135438.4680.000.800.400.40
MexicoBMV 2717762.9641.180.710.350.35
UAEUAE 74351647.3045.710.710.370.34
SingaporeSGX 27151055.5666.670.330.070.27
CanadaTSX 3020966.6745.000.450.200.25
Vietnam HOSE 48301562.5050.000.400.270.13
Vietnam HOSE 10255350.730.580.120.010.11
The World 1064721847109556.911.810.080.020.06
BrazilBOVESPA 32231171.8847.830.700.650.04
KuwaitKSE 2242152.230.850.050.000.04
RussiaMICEX 6113251.390.640.050.010.04
IsraelTASE 16534352.450.350.030.000.03
USPREFERRED 7561155.950.240.010.000.01
IndiaNSE 14241153.580.130.010.000.01
UAEUAE 1101154.551.670.010.000.01
ItalyBORSA 25021164.270.060.000.000.00
IndiaBSE 29653252.580.130.000.000.00
SwedenSTOCKHOLM 35224154.200.050.010.010.00
FrancePARIS 23161155.440.080.000.000.00
AustraliaASX 21531153.790.090.000.000.00
TaiwanGTSM 19870049.770.000.000.000.00
TaiwanTWSE 23110054.820.000.000.000.00
UKLSE 51260048.650.000.000.000.00
USOTC PINK 29140056.830.000.000.000.00
USNYSE 80780062.080.000.000.000.00
Vietnam HNX 3800043.950.000.000.000.00
USWARRANTS 1680045.830.000.000.000.00
PakistanKSE 3680052.450.000.000.000.00
Poland GPW 20780047.310.000.000.000.00
PortugalLISBON 670055.220.000.000.000.00
ThailandSET 7600051.840.000.000.000.00
TurkeyBIST 7500057.330.000.000.000.00
SingaporeSGX 1880052.130.000.000.000.00
NorwayOSE 7620056.040.000.000.000.00
NetherlandsAMSTERDAM 6360062.420.000.000.000.00
PhilippinesPSE 4680049.360.000.000.000.00
Saudi ArabiaTADAWUL 5860056.660.000.000.000.00
QatarQE 1110048.650.000.000.000.00
MalaysiaBURSA 8840050.680.000.000.000.00
MexicoBMV 5470060.330.000.000.000.00
EgyptEGX 2710043.540.000.000.000.00
JordanASE 410046.340.000.000.000.00
South KoreaKOSDAQ 28380052.040.000.000.000.00
South KoreaKRX 28670052.110.000.000.000.00
JapanNAGOYA 890059.550.000.000.000.00
JapanFUKUOKA 170035.290.000.000.000.00
IndonesiaIDX 11130049.330.000.000.000.00
ChinaSZSE 34800058.100.000.000.000.00
DenmarkCOPENHAGEN 3010054.490.000.000.000.00
GermanyXETRA 37770065.130.000.000.000.00
ChileBCS 1950045.640.000.000.000.00
Hong KongHKEX 35140053.780.000.000.000.00
SpainIBEX 2440055.740.000.000.000.00
Greece ATHENS 2220055.410.000.000.000.00
SwitzerlandSIX 10100060.590.000.000.000.00
BrazilBOVESPA 17530055.050.000.000.000.00
CanadaCSE 3330048.050.000.000.000.00
CanadaTSX-V 8500053.650.000.000.000.00
ArgentinaBUE 5680060.040.000.000.000.00
Austria WIENERBORSE 1700065.880.000.000.000.00
BelgiumBRUSSELS 2000056.000.000.000.000.00
CanadaTSX 31531059.310.000.000.000.00
JapanTOKYO 80703157.400.020.000.000.00
ChinaSSE 32711058.880.000.000.000.00
USNASDAQ 66172058.970.000.000.000.00
USAMEX 11272060.070.000.000.01-0.01
BangladeshDSE 2611052.490.000.000.01-0.01
South KoreaKOSDAQ 1912663.1650.000.170.25-0.08
TurkeyBIST 149264.2922.220.220.44-0.22
AustraliaASX 2817860.7147.060.120.59-0.47
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.