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 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
JordanASE 51291256.8641.386.591.515.08
TurkeyBIST 91254430259.6555.516.201.185.02
JapanFUKUOKA 167543.7571.435.040.444.61
EgyptEGX 3201399343.4466.915.151.024.13
ArgentinaBUE 123795064.2363.295.401.683.72
Vietnam HNX 4111869145.2648.925.101.403.71
IndiaBSE 38652083104353.8950.075.191.553.64
OmanMSM 152213.33100.003.500.003.50
Poland GPW 2516121159848.1349.384.871.483.40
USOTCBB 106460.0066.674.000.673.33
MexicoBMV 67340322559.8855.834.511.323.19
USNASDAQ 78384657245559.4252.724.801.613.19
UAEUAE 170894852.3553.934.070.883.18
South KoreaKOSDAQ 36961867100150.5153.624.231.173.06
CanadaTSX-V 84442318750.1244.216.593.543.04
DenmarkCOPENHAGEN 35219110654.2655.503.971.052.92
MalaysiaBURSA 103754025152.0746.484.351.502.85
SwedenSTOCKHOLM 42432352114655.4348.724.581.752.83
IndiaNSE 1888108354457.3650.233.941.182.76
Hong KongHKEX 40762193102753.8046.834.451.722.72
UKLSE 56822915162851.3055.853.791.082.72
USOTC PINK 3818213495757.7043.445.572.902.67
Greece ATHENS 2741547256.2046.753.941.302.64
ThailandSET 99850422950.5045.443.531.062.47
NorwayOSE 91652125056.8847.984.131.662.47
FrancePARIS 2846155490154.6057.983.230.832.40
IsraelTASE 2039105458151.6955.123.481.082.40
PakistanKSE 42923111853.8551.083.641.312.34
South KoreaKRX 36471940105753.1954.483.100.812.29
ArgentinaBUE 20141070.0071.432.500.212.29
Vietnam HOSE 121260432149.8353.153.241.012.23
TaiwanGTSM 2292118358751.8349.413.180.972.22
BangladeshDSE 2891497451.5649.663.641.472.17
FOREXFOREX 52372171.1556.762.380.222.16
SpainIBEX 3201739854.0656.653.110.982.13
The World 129492733153866557.3052.113.261.132.13
TaiwanTWSE 2731158082557.8552.222.870.782.09
QatarQE 139724051.8055.562.870.852.02
IndonesiaIDX 137469230750.3644.363.431.441.98
PhilippinesPSE 53025513148.1151.373.071.121.95
Saudi ArabiaTADAWUL 68538621256.3554.922.570.621.95
CanadaTSX 37312260122860.5754.342.900.951.95
JapanTOKYO 96285638293258.5652.002.911.101.81
ChinaSSE 47162584132254.7951.162.740.961.78
Austria WIENERBORSE 3061798758.5048.602.911.181.73
AustraliaASX 2562141769255.3148.843.341.631.71
ChinaSZSE 49452698131154.5648.592.861.161.69
USAMEX 138883142259.8750.782.681.031.66
USNYSE 94215905328762.6855.662.420.861.56
BrazilBOVESPA 2365129266954.6351.782.621.071.55
ItalyBORSA 32422107112265.0253.232.340.821.52
SwitzerlandSIX 122176442462.5755.502.370.871.50
KuwaitKSE 2381286153.7847.662.541.081.46
TaiwanGTSM 2112857.1466.671.670.251.42
IndiaNSE 2710737.0470.001.500.101.40
GermanyXETRA 50833426185867.4054.232.170.781.39
PakistanKSE 81382046.9152.631.610.291.32
IsraelTASE 2213759.0953.851.380.081.31
ChileBCS 2341054944.8746.672.311.031.28
NetherlandsAMSTERDAM 84054029164.2953.891.980.731.25
BelgiumBRUSSELS 2471317153.0454.201.880.781.10
Austria WIENERBORSE 25181572.0083.331.170.111.06
BangladeshDSE 237230.4328.571.290.291.00
PortugalLISBON 75391652.0041.031.950.990.96
ItalyBORSA 29201668.9780.001.050.100.95
FrancePARIS 29201668.9780.001.050.100.95
Greece ATHENS 29191565.5278.951.110.160.95
SwitzerlandSIX 1613881.2561.541.150.230.92
CanadaCSE 3111475947.2740.145.254.360.90
Hong KongHKEX 54321559.2646.881.130.280.84
PortugalLISBON 27191570.3778.951.000.160.84
NetherlandsAMSTERDAM 28201671.4380.000.900.100.80
BelgiumBRUSSELS 28201671.4380.000.900.100.80
GermanyXETRA 27191570.3778.950.890.110.79
MalaysiaBURSA 3520957.1445.000.850.150.70
SpainIBEX 30231676.6769.570.780.090.70
DenmarkCOPENHAGEN 37221659.4672.730.770.090.68
NorwayOSE 21151071.4366.670.800.130.67
IndonesiaIDX 2214863.6457.140.860.210.64
ChileBCS 79452256.9648.891.040.420.62
PhilippinesPSE 31211267.7457.140.810.240.57
SwedenSTOCKHOLM 3218756.2538.890.780.220.56
Poland GPW 1913968.4269.230.770.230.54
JapanTOKYO 49351771.4348.570.690.170.51
ThailandSET 3418852.9444.440.720.220.50
USFOREX 86412147.6751.220.630.170.46
SingaporeSGX 2401134547.0839.821.661.290.36
MexicoBMV 2917758.6241.180.710.350.35
SingaporeSGX 30181260.0066.670.390.060.33
ChinaSSE 31191161.2957.890.530.210.32
UAEUAE 94451847.8740.000.690.380.31
UKLSE 32191159.3857.890.530.260.26
CanadaTSX 3120964.5245.000.450.200.25
JapanNAGOYA 97561557.7326.791.921.680.25
Vietnam HOSE 54351764.8148.570.430.260.17
USPREFERRED 7561155.950.240.010.000.01
South KoreaKOSDAQ 2013765.0053.850.230.230.00
RussiaMICEX 5570054.580.000.000.000.00
USWARRANTS 1680045.830.000.000.000.00
BrazilBOVESPA 37281275.6842.860.570.71-0.14
TurkeyBIST 169256.2522.220.220.44-0.22
RussiaMICEX 2515660.0040.000.801.13-0.33
AustraliaASX 3321963.6442.860.100.62-0.52
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.