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 1/1/2014
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 2813846.4361.5425.232.9222.31
PakistanKSE 1821047057.1467.3111.990.7611.23
USWARRANTS 1813772.2253.859.381.627.77
Greece ATHENS 54312257.4170.976.840.586.26
ArgentinaBUE 145815755.8670.376.681.165.52
Hong KongHKEX 196699752350.7152.465.831.324.51
EgyptEGX 136714252.2159.155.541.104.44
IndiaNSE 62136923159.5862.435.190.984.21
CanadaTSX-V 2461355254.8838.527.733.594.14
South KoreaKOSDAQ 132367542451.0262.814.850.814.04
IndonesiaIDX 2891387547.7554.354.530.623.91
PhilippinesPSE 2381287553.7858.594.670.773.91
IndiaBSE 128573644257.2860.055.181.273.91
Vietnam HOSE 2781449551.8065.974.610.753.86
KuwaitKSE 26171065.3858.824.821.063.76
JordanASE 42231354.7656.524.700.963.74
OmanMSM 142214.29100.003.500.003.50
BangladeshDSE 179844146.9348.814.571.133.44
USOTC PINK 172594946755.1349.116.122.693.43
IsraelTASE 42823316154.4469.104.060.663.40
USOTCBB 106460.0066.674.000.673.33
UKLSE 2733126579546.2962.854.070.813.27
TurkeyBIST 38423514761.2062.553.930.673.26
USAMEX 37222313859.9561.884.120.883.24
RussiaMICEX 33919011556.0560.533.870.833.04
SwedenSTOCKHOLM 107858932354.7354.753.951.102.86
Poland GPW 106547927545.0757.293.800.962.84
UAEUAE 50362472.0066.673.750.942.81
Vietnam HNX 148733849.3252.054.301.512.79
NorwayOSE 2541307151.1854.624.231.512.72
BrazilBOVESPA 30717410357.0058.863.410.812.61
ThailandSET 3081478247.7355.783.440.872.56
The World 50067291221727158.1959.283.330.872.46
DenmarkCOPENHAGEN 142875861.2766.673.130.682.45
ChinaSZSE 1690115771068.4661.373.270.842.43
JapanTOKYO 33572021120960.2059.823.230.802.42
SingaporeSGX 130694053.0857.973.461.072.39
CanadaTSX 1714104962661.2059.683.050.732.32
ChileBCS 93493252.6965.312.590.292.31
USNASDAQ 40202480143661.7457.863.160.912.25
ChinaSSE 123579948564.7060.703.110.872.24
AustraliaASX 83746624855.7953.103.321.162.16
MalaysiaBURSA 41621710652.1648.853.080.942.14
South KoreaKRX 153278147750.9861.082.760.632.13
BelgiumBRUSSELS 146805354.7966.252.590.482.11
SpainIBEX 1581046865.8265.382.860.762.10
ItalyBORSA 118373642462.2157.612.810.802.01
RussiaMICEX 51120.00100.002.000.002.00
TaiwanGTSM 84350.0075.002.000.002.00
ArgentinaBUE 1612775.0058.332.170.172.00
FrancePARIS 119666840655.8560.782.570.601.97
Austria WIENERBORSE 45251655.5664.002.520.561.96
TaiwanTWSE 113959634152.3357.212.420.561.86
MexicoBMV 2421479360.7463.272.250.521.73
TaiwanGTSM 97848724749.8050.722.620.911.71
JapanNAGOYA 46281760.8760.712.290.681.61
IndiaNSE 52240.00100.001.500.001.50
GermanyXETRA 131887850866.8457.662.050.611.44
NetherlandsAMSTERDAM 30619913065.0365.331.840.441.40
Poland GPW 43375.00100.001.330.001.33
Austria WIENERBORSE 76585.7183.331.670.331.33
FrancePARIS 76585.7183.331.670.331.33
Greece ATHENS 86575.0083.331.670.331.33
ItalyBORSA 76585.7183.331.670.331.33
SwitzerlandSIX 47530516764.2154.751.800.511.29
USNYSE 40892633151264.3957.422.050.761.29
NorwayOSE 96566.6783.331.330.171.17
UKLSE 106560.0083.331.170.001.17
DenmarkCOPENHAGEN 86475.0066.671.500.331.17
QatarQE 59281547.4653.572.181.111.07
ThailandSET 81112.50100.001.000.001.00
Hong KongHKEX 1610662.5060.001.200.201.00
IndonesiaIDX 94244.4450.001.500.501.00
IsraelTASE 73242.8666.671.000.001.00
MexicoBMV 149664.2966.671.220.221.00
MalaysiaBURSA 125341.6760.001.400.401.00
PortugalLISBON 53281652.8357.142.041.110.93
JapanTOKYO 149564.2955.561.110.220.89
PortugalLISBON 75471.4380.001.200.400.80
BelgiumBRUSSELS 65483.3380.001.200.400.80
GermanyXETRA 65483.3380.001.200.400.80
SpainIBEX 75471.4380.001.200.400.80
NetherlandsAMSTERDAM 65483.3380.001.200.400.80
ChileBCS 138661.5475.000.880.130.75
Saudi ArabiaTADAWUL 2641478055.6854.421.620.880.73
SwedenSTOCKHOLM 167343.7542.861.140.430.71
CanadaTSX 1210783.3370.000.700.000.70
PakistanKSE 139369.2333.331.000.330.67
SingaporeSGX 83237.5066.670.670.000.67
JapanFUKUOKA 63250.0066.671.330.670.67
USPREFERRED 39222012156.1255.000.990.340.65
USFOREX 33191257.5863.160.680.050.63
ChinaSSE 117463.6457.141.000.430.57
FOREXFOREX 158553.3362.500.500.130.38
UAEUAE 3418852.9444.440.560.220.33
BrazilBOVESPA 1410671.4360.000.700.400.30
Vietnam HOSE 2115971.4360.000.470.200.27
PhilippinesPSE 106160.0016.670.670.500.17
AustraliaASX 63350.00100.000.000.000.00
SwitzerlandSIX 21050.000.000.000.000.00
TurkeyBIST 221100.0050.000.000.000.00
South KoreaKOSDAQ 62033.330.000.000.50-0.50
BangladeshDSE 102120.0050.000.000.50-0.50
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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