BULLISH HAMMER
The chart showing Series 1 series.
To evaluate the performance of the pattern in your stock exchange within the context of other global markets, please refer to the table below. Locate your stock market to see its ranking among others. This will provide insights into the pattern’s strength and reliability, aiding you in your buying and selling decisions.
BULLISH HAMMER
Definition
This pattern occurs at the bottom of a trend or during a downtrend and is called a Hammer, as it hammers out a bottom. It is a single candlestick pattern characterized by 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 significant.
3. The lower shadow of this candlestick is at least twice the length of 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 the length of the body, but not shorter than an average candlestick. Ideally, there should be no upper shadow, or only a very tiny one. 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, sharply selling off following the market opening. After the decline ceases, the market almost returns to the day’s high. This failure to continue selling reduces previous bearish sentiment, causing short traders to feel increasingly uneasy with their bearish positions. If the body of the Hammer is white, it further strengthens the bullish outlook
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 most recent low. After a BUY, if prices decline instead of rising, 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 1/1/2022
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
BangladeshDSE 2661377151.8851.453.781.282.50
The WorldWORLD MARKETS 1345527094413258.025.290.190.060.14
Vietnam HOSE 11935351.550.490.090.010.08
KuwaitBOURSA KUWAIT 2431153.090.780.040.000.04
JordanASE 481152.084.000.040.000.04
TaiwanTPEx 23432251.390.170.030.000.03
EgyptEGX 2931147.440.720.030.000.03
IsraelTASE 22318453.070.340.030.000.03
NorwayOSE 8944156.940.200.030.020.02
ChinaSSE 50501156.200.040.020.000.02
Hong KongHKEX 42472253.030.090.010.000.01
IndiaNSE 21901156.620.080.010.000.01
SwedenOMX STOCKHOLM 41242156.450.040.010.000.00
South KoreaKRX 36881152.980.050.000.000.00
FrancePARIS 27691156.660.060.000.000.00
NetherlandsAMSTERDAM 8961166.290.170.000.000.00
ItalyMILAN 33751167.230.040.000.000.00
JapanTSE 97135258.820.040.000.000.00
AustraliaASX 26452255.880.140.000.000.00
PortugalLISBON 680058.820.000.000.000.00
USOTC MARKETS 41220056.910.000.000.000.00
USNASDAQ 82570059.690.000.000.000.00
USAMEX 15290061.740.000.000.000.00
UKLSE 56920054.830.000.000.000.00
Vietnam HNX 4290047.090.000.000.000.00
PakistanPSX 4350056.550.000.000.000.00
PhilippinesPSE 4820049.380.000.000.000.00
TaiwanTWSE 28100057.790.000.000.000.00
TurkeyBIST 9150060.330.000.000.000.00
ThailandSET 11100049.640.000.000.000.00
SingaporeSGX 2580048.450.000.000.000.00
Saudi ArabiaTADAWUL 7080056.360.000.000.000.00
MalaysiaBURSA MALAYSIA 10550051.850.000.000.000.00
MexicoBMV 6870060.120.000.000.000.00
JapanNSE 840054.760.000.000.000.00
JapanFSE 140064.290.000.000.000.00
South KoreaKOSDAQ 39490050.600.000.000.000.00
SpainBME 3420055.260.000.000.000.00
GermanyXETRA 54990068.870.000.000.000.00
ChinaSZSE 50510056.290.000.000.000.00
ChileBCS 2400046.250.000.000.000.00
Greece ATHEX 2930061.770.000.000.000.00
CanadaCSE 3150045.710.000.000.000.00
CanadaTSXV 8330049.340.000.000.000.00
BrazilBOVESPA 25580054.100.000.000.000.00
BelgiumBRUSSELS 2780051.080.000.000.000.00
ArgentinaBCBA 4200064.520.000.000.000.00
SwitzerlandSIX 13080063.760.000.000.000.00
USNYSE 100861062.980.000.000.000.00
CanadaTSX 36641061.950.000.000.000.00
IndiaBSE 43145254.750.080.000.000.00
DenmarkOMX COPENHAGEN 3321054.820.000.000.000.00
Poland GPW 27971049.700.000.000.000.00
IndonesiaIDX 14763050.070.000.000.01-0.01
UAEDFM-ADX 1991050.750.000.000.02-0.02
Austria WIENERBÖRSE 2922157.530.600.000.03-0.02
QatarQE 1492054.360.000.000.07-0.07
Patterns Total: The number of occurrences of this particular pattern during the specified period.
Confirmed Total: The number of detected patterns that were confirmed and converted into signals.
Profitable Signals: The number of confirmed patterns that resulted in profitable trades.
Confirmation %: The percentage of confirmed patterns relative to the total occurrences of this pattern.
Profitable Signal %: The percentage of successful confirmed patterns relative to the total confirmed patterns.
Per Trade Profit %: Total Profits divided by Total Trades.
Per Trade Loss %: Total Losses divided by Total Trades.
Per Trade Net%: (Total Profits minus Total Losses) divided by the Total Number of Trades.
Samples: Live sample ticker symbols from stock exchanges, with links to the related bulls.com© family websites’ stock pages.

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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