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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
PakistanKSE 2101086151.4356.489.531.198.33
OmanMSM 42250.00100.008.000.008.00
CanadaCSE 129592845.7447.4610.934.376.56
The World 62784358891882057.2052.416.631.135.50
JordanASE 36171147.2264.715.530.884.65
IndonesiaIDX 46721610646.2549.075.251.014.24
USOTC PINK 2330125957554.1645.567.753.604.15
BangladeshDSE 2251105548.8950.005.231.283.95
TurkeyBIST 51228415655.4754.934.511.043.48
USOTCBB 106460.0066.674.000.673.33
South KoreaKOSDAQ 177291550251.6454.864.240.983.26
CanadaTSX-V 4222208552.1338.646.633.383.25
ArgentinaBUE 2191226556.1652.854.591.463.12
JapanNAGOYA 59341857.6352.944.000.943.06
Greece ATHENS 106583154.7253.454.071.073.00
SwedenSTOCKHOLM 184199750054.1650.154.411.472.94
Vietnam HNX 167814848.5059.264.211.372.84
UKLSE 3445163295947.3758.763.670.952.72
PortugalLISBON 51281654.9057.143.610.892.71
ChileBCS 129603546.5158.333.030.402.63
IndiaNSE 88752225158.9647.993.851.242.62
EgyptEGX 181974853.5949.483.771.262.52
PhilippinesPSE 3331708451.0549.413.591.112.48
Austria WIENERBORSE 74442259.4650.003.430.952.48
IsraelTASE 65533818951.6055.923.350.942.41
Hong KongHKEX 2444125455551.5144.083.871.512.37
IndiaBSE 168394546056.1548.684.001.632.37
Vietnam HOSE 58026814746.2154.853.431.092.35
Poland GPW 118653526445.1949.253.561.282.27
SingaporeSGX 145824556.5554.883.040.852.18
USNASDAQ 34902069110459.4353.233.611.442.17
TaiwanGTSM 127964731250.5948.223.171.012.17
DenmarkCOPENHAGEN 1841035955.9857.283.010.892.12
ArgentinaBUE 1210683.3360.002.400.302.10
JapanTOKYO 48882915157159.6453.893.080.992.09
USAMEX 47229416462.2955.783.171.112.05
FrancePARIS 149682145854.8855.792.800.782.02
BrazilBOVESPA 50328113155.8646.623.061.111.96
CanadaTSX 1957120566061.5754.772.690.811.88
TaiwanTWSE 141973238351.5952.322.510.701.81
ThailandSET 3911767745.0143.752.770.981.78
TaiwanGTSM 74357.1475.002.000.251.75
South KoreaKRX 2094109957252.4852.052.400.771.63
ItalyBORSA 143391846264.0650.332.610.981.63
AustraliaASX 103460428658.4147.353.251.651.59
MalaysiaBURSA 54325511446.9644.712.921.411.51
SwitzerlandSIX 42150.0050.001.500.001.50
RussiaMICEX 39521010453.4249.292.260.821.43
Greece ATHENS 17121070.5983.331.580.171.42
Austria WIENERBORSE 15121080.0083.331.580.171.42
SpainIBEX 1821105760.4451.822.561.191.37
ChinaSZSE 3003178785059.5147.572.531.211.32
ItalyBORSA 17131076.4776.921.460.151.31
FrancePARIS 17131076.4776.921.460.151.31
USNYSE 49373237176465.5754.492.160.891.27
GermanyXETRA 1692113662567.2054.972.040.791.26
Saudi ArabiaTADAWUL 3281749553.0554.602.000.821.18
BelgiumBRUSSELS 1781006256.7461.391.710.541.17
PortugalLISBON 16121075.0083.331.330.171.17
IsraelTASE 127558.3371.431.290.141.14
NorwayOSE 127658.3385.711.290.141.14
UKLSE 157646.6785.711.140.001.14
UAEUAE 56321857.1456.251.690.591.09
PakistanKSE 34231267.6552.171.350.261.09
GermanyXETRA 1612975.0075.001.250.171.08
BelgiumBRUSSELS 1612975.0075.001.250.171.08
NetherlandsAMSTERDAM 1612975.0075.001.250.171.08
JapanTOKYO 2413954.1769.231.150.081.08
SpainIBEX 17131076.4776.921.230.151.08
MexicoBMV 2511457257.7749.661.930.881.06
USWARRANTS 62133.3350.002.501.501.00
SwedenSTOCKHOLM 2010550.0050.001.300.301.00
IndiaNSE 85462.5080.001.000.001.00
SwitzerlandSIX 55834618362.0152.891.620.680.94
Hong KongHKEX 2113861.9061.541.080.150.92
ChinaSSE 2175130763160.0948.282.101.200.90
Poland GPW 148557.1462.501.250.380.88
MalaysiaBURSA 168350.0037.500.880.130.75
MexicoBMV 1711664.7154.551.000.270.73
IndonesiaIDX 137453.8557.141.000.290.71
NetherlandsAMSTERDAM 38624613763.7355.691.340.640.70
KuwaitKSE 82341741.4650.001.821.150.68
FOREXFOREX 2112857.1466.670.830.170.67
DenmarkCOPENHAGEN 24171370.8376.470.760.120.65
SingaporeSGX 168750.0087.500.630.000.63
BrazilBOVESPA 1210683.3360.001.100.500.60
CanadaTSX 1814877.7857.140.570.000.57
NorwayOSE 3471798051.5944.692.211.650.56
USPREFERRED 49427213155.0648.160.810.360.44
USFOREX 48281458.3350.000.570.140.43
ChinaSSE 1610662.5060.000.700.300.40
RussiaMICEX 115445.4580.000.800.400.40
ChileBCS 2516764.0043.750.440.130.31
QatarQE 69371753.6245.951.461.220.24
Vietnam HOSE 27181066.6755.560.390.280.11
PhilippinesPSE 115145.4520.000.800.800.00
UAEUAE 3921853.8538.100.380.380.00
ThailandSET 124133.3325.000.250.250.00
AustraliaASX 115345.4560.000.000.20-0.20
TurkeyBIST 331100.0033.330.000.33-0.33
South KoreaKOSDAQ 63150.0033.330.000.33-0.33
BangladeshDSE 143021.430.000.000.67-0.67
JapanFUKUOKA 102020.000.000.001.50-1.50
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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