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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 2621285848.8545.3115.164.5610.60
FOREXFOREX 30211370.0061.905.480.105.38
Poland GPW 188990847348.0752.095.961.254.71
TurkeyBIST 71440522856.7256.305.541.094.45
The World 102410595693199258.2053.685.531.124.40
USOTC PINK 3830212799255.6446.557.943.644.30
JordanASE 47271457.4551.854.480.853.63
SwedenSTOCKHOLM 3203176489255.1750.485.071.493.59
South KoreaKOSDAQ 2664138177551.9556.004.551.013.53
BangladeshDSE 3491748549.8648.854.941.433.51
OmanMSM 152213.33100.003.500.003.50
EgyptEGX 2801407650.0054.294.761.273.49
ArgentinaBUE 39822513156.5358.225.081.633.45
UKLSE 51312473147348.2959.444.330.923.42
IndonesiaIDX 81638317646.9445.954.711.373.33
USOTCBB 106460.0066.674.000.673.33
Greece ATHENS 177985155.3752.044.421.093.33
IndiaBSE 2737151576055.3950.134.851.583.27
MexicoBMV 42724514557.3859.183.990.773.22
PakistanKSE 32518710357.5455.084.341.273.07
USNASDAQ 55133325179560.3753.944.501.483.02
IsraelTASE 112762735155.9955.633.940.952.99
Austria WIENERBORSE 93634067.7463.494.021.112.90
ThailandSET 67632415547.9347.843.811.032.78
IndiaNSE 135278737958.2148.164.111.342.78
MalaysiaBURSA 84740318747.5846.404.221.452.77
FrancePARIS 2286130674657.1357.123.520.782.74
USAMEX 81749727061.0854.113.961.232.73
Hong KongHKEX 3762197692152.5346.614.261.552.71
DenmarkCOPENHAGEN 3021579351.9959.243.611.032.57
NorwayOSE 63434016753.6349.123.851.442.41
JapanNAGOYA 93522455.9146.153.370.982.38
South KoreaKRX 2851148481052.0554.583.060.772.30
Vietnam HOSE 95744323646.2953.273.271.012.26
TaiwanGTSM 2070103150549.8148.983.230.982.25
Vietnam HNX 2541246748.8254.034.031.782.25
ArgentinaBUE 1813972.2269.232.460.232.23
PortugalLISBON 75402153.3352.503.030.882.15
JapanTOKYO 79844735255059.3153.853.151.042.11
CanadaTSX 29811848102862.0355.603.010.932.08
TaiwanTWSE 2282123467854.0854.942.770.702.08
PhilippinesPSE 54726613248.6349.623.201.162.04
Saudi ArabiaTADAWUL 51228117554.8862.282.570.572.01
AustraliaASX 1792101350256.5849.513.391.531.86
UAEUAE 81482959.2660.422.540.791.75
RussiaMICEX 61533717054.9650.302.570.831.74
SwitzerlandSIX 88154030361.5255.902.280.601.69
GermanyXETRA 29152007112568.8556.052.390.711.67
ChinaSZSE 44302634127959.4648.562.781.181.60
BrazilBOVESPA 106058927155.5746.012.791.191.60
ChileBCS 204894643.6351.692.280.711.57
ItalyBORSA 2283148979265.2253.192.370.801.57
USNYSE 68044426250765.0556.642.420.881.54
SpainIBEX 2781668959.7153.612.371.041.34
ChinaSSE 33522001102059.7050.972.371.061.31
TaiwanGTSM 147550.0071.431.430.141.29
USPREFERRED 65037320257.3854.161.680.391.28
IsraelTASE 1911657.8954.551.360.091.27
Austria WIENERBORSE 20141270.0085.711.360.141.21
ItalyBORSA 23151265.2280.001.270.131.13
FrancePARIS 23151265.2280.001.270.131.13
Hong KongHKEX 30191163.3357.891.260.161.11
QatarQE 117633053.8547.622.191.111.08
PakistanKSE 46261356.5250.001.380.311.08
Greece ATHENS 23151265.2280.001.270.201.07
NetherlandsAMSTERDAM 60039322165.5056.231.630.591.04
BelgiumBRUSSELS 2551498958.4359.731.570.640.93
NetherlandsAMSTERDAM 22141163.6478.571.070.140.93
GermanyXETRA 22141163.6478.571.070.140.93
BelgiumBRUSSELS 22141163.6478.571.070.140.93
IndonesiaIDX 1711764.7163.641.090.180.91
JapanTOKYO 33211363.6461.900.950.050.90
PortugalLISBON 22151268.1880.001.070.200.87
SwedenSTOCKHOLM 2212654.5550.001.170.330.83
NorwayOSE 1611868.7572.730.910.090.82
CanadaTSX-V 70437214852.8439.784.633.820.81
SpainIBEX 26191373.0868.420.840.110.74
IndiaNSE 166437.5066.670.830.170.67
DenmarkCOPENHAGEN 27171362.9676.470.760.120.65
UKLSE 2111752.3863.640.820.180.64
MalaysiaBURSA 2111452.3836.360.730.090.64
SingaporeSGX 2171145552.5348.251.761.170.60
MexicoBMV 2214763.6450.000.860.290.57
SingaporeSGX 189750.0077.780.560.000.56
Poland GPW 1711764.7163.640.820.270.55
ChinaSSE 2013865.0061.540.770.230.54
SwitzerlandSIX 86375.0050.000.830.330.50
KuwaitKSE 154752948.7038.672.031.550.48
RussiaMICEX 125441.6780.000.800.400.40
USFOREX 58321555.1746.880.500.190.31
CanadaTSX 2417870.8347.060.470.180.29
ThailandSET 2111552.3845.450.450.180.27
BrazilBOVESPA 2518972.0050.000.720.500.22
ChileBCS 4322851.1636.360.450.320.14
USWARRANTS 2415862.5053.334.534.400.13
UAEUAE 55291352.7344.830.410.340.07
Vietnam HOSE 35231265.7152.170.300.300.00
BangladeshDSE 154126.6725.000.500.500.00
JapanFUKUOKA 144228.5750.000.750.750.00
PhilippinesPSE 178247.0625.000.500.63-0.13
South KoreaKOSDAQ 147350.0042.860.140.29-0.14
TurkeyBIST 128266.6725.000.250.50-0.25
AustraliaASX 179552.9455.560.220.56-0.33
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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