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 2713848.1561.5425.232.9222.31
PakistanKSE 1821047057.1467.3111.990.7611.23
USWARRANTS 1813772.2253.859.381.627.77
Greece ATHENS 54312257.4170.976.840.586.26
ArgentinaBUE 144785554.1770.516.761.215.55
Hong KongHKEX 196699652550.6652.715.851.324.53
EgyptEGX 136714252.2159.155.541.104.44
CanadaTSX-V 2441345254.9238.817.783.554.23
IndiaNSE 62136722959.2662.235.210.994.23
South KoreaKOSDAQ 132167242350.8762.954.870.814.06
IndonesiaIDX 2891387547.7554.354.530.603.93
PhilippinesPSE 2381287553.7858.594.670.763.91
IndiaBSE 128473444257.1760.225.191.283.91
Vietnam HOSE 2781449551.8065.974.610.743.87
KuwaitKSE 26171065.3858.824.881.063.82
JordanASE 42231354.7656.524.700.963.74
OmanMSM 142214.29100.003.500.003.50
BangladeshDSE 179844246.9350.004.601.133.46
IsraelTASE 42823316154.4469.104.060.663.40
USOTCBB 106460.0066.674.000.673.33
USOTC PINK 171194146455.1149.206.002.703.30
USAMEX 36722013759.9562.274.170.893.28
UKLSE 2726125979246.1862.914.070.813.26
TurkeyBIST 38423514661.2062.133.880.683.20
RussiaMICEX 33819011556.2160.533.870.833.04
SwedenSTOCKHOLM 107558732254.7054.763.961.102.87
Poland GPW 105747927545.4157.293.810.952.86
Vietnam HNX 148723848.6552.784.361.532.83
UAEUAE 50362472.0066.673.750.942.81
NorwayOSE 2531297150.9955.044.261.522.74
ThailandSET 3081478247.7355.783.420.872.55
BrazilBOVESPA 30717510157.3357.393.350.802.55
The World 49309286341703058.1059.453.360.882.48
DenmarkCOPENHAGEN 142875861.2766.673.130.682.45
ChinaSZSE 1689115371068.2761.583.280.842.44
JapanTOKYO 33442017120660.3259.793.230.812.42
SingaporeSGX 129694053.4957.973.461.072.39
ChileBCS 92493253.2665.312.590.292.31
CanadaTSX 1712104662561.1059.753.040.732.31
USNASDAQ 39842466142961.9557.903.180.902.27
ChinaSSE 122879748564.9060.853.120.882.25
BelgiumBRUSSELS 146805354.7966.252.630.452.18
AustraliaASX 83546624755.9352.893.331.162.17
MalaysiaBURSA 41621710752.1649.313.080.942.14
South KoreaKRX 152777847750.9561.312.760.632.13
SpainIBEX 1581046765.8264.422.850.762.09
ItalyBORSA 117673442362.4157.632.820.802.02
RussiaMICEX 61116.67100.002.000.002.00
TaiwanGTSM 84350.0075.002.000.002.00
Austria WIENERBORSE 45251655.5664.002.560.562.00
FrancePARIS 119466740755.8661.022.570.591.98
TaiwanTWSE 113659634152.4657.212.420.561.86
ArgentinaBUE 1713876.4761.542.000.151.85
MexicoBMV 2401469360.8363.702.260.531.73
TaiwanGTSM 97648524649.6950.722.630.921.71
JapanNAGOYA 46281760.8760.712.290.681.61
IndiaNSE 52240.00100.001.500.001.50
GermanyXETRA 131187550966.9757.972.070.611.46
NetherlandsAMSTERDAM 30519813064.9265.661.850.441.41
USNYSE 34662219129964.0258.542.160.761.40
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
Poland GPW 53360.00100.001.330.001.33
SwitzerlandSIX 47530516764.2154.751.810.511.30
UKLSE 106560.0083.331.170.001.17
NorwayOSE 96566.6783.331.330.171.17
DenmarkCOPENHAGEN 96466.6766.671.500.331.17
QatarQE 59281547.4653.572.181.111.07
ThailandSET 81112.50100.001.000.001.00
IndonesiaIDX 94244.4450.001.500.501.00
IsraelTASE 73242.8666.671.000.001.00
MexicoBMV 149664.2966.671.220.221.00
MalaysiaBURSA 135338.4660.001.400.401.00
PortugalLISBON 53281652.8357.142.041.110.93
Hong KongHKEX 1710658.8260.001.100.200.90
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 39122012156.2755.000.990.340.65
USFOREX 33191257.5863.160.680.050.63
ChinaSSE 117463.6457.141.000.430.57
FOREXFOREX 158553.3362.500.500.130.38
UAEUAE 3518851.4344.440.560.220.33
BrazilBOVESPA 1410671.4360.000.700.400.30
Vietnam HOSE 2215968.1860.000.470.200.27
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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