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.
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.
Pattern Performance in Stock Exchanges since 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
OmanMSM 152213.33100.003.500.003.50
USOTCBB 106460.0066.674.000.673.33
ArgentinaBUE 19141073.6871.432.500.212.29
TaiwanGTSM 1911757.8963.641.820.271.55
PakistanKSE 63321650.7950.001.750.341.41
IsraelTASE 2213759.0953.851.380.081.31
FOREXFOREX 45311768.8954.841.420.191.23
Hong KongHKEX 49261553.0657.691.380.191.19
BangladeshDSE 196231.5833.331.500.331.17
IndiaNSE 248633.3375.
Austria WIENERBORSE 23161469.5787.501.250.131.13
FrancePARIS 26171465.3882.351.180.121.06
ItalyBORSA 26171465.3882.351.180.121.06
SwitzerlandSIX 1512780.0058.331.250.251.00
Greece ATHENS 26171465.3882.351.180.181.00
PortugalLISBON 24171470.8382.351.060.180.88
NetherlandsAMSTERDAM 25171468.0082.351.000.120.88
BelgiumBRUSSELS 25171468.0082.351.000.120.88
GermanyXETRA 24161366.6781.
MalaysiaBURSA 3217753.1341.180.940.120.82
SpainIBEX 28211575.0071.430.810.100.71
NorwayOSE 20141070.0071.430.860.140.71
DenmarkCOPENHAGEN 33191457.5873.680.790.110.68
SwedenSTOCKHOLM 2715655.5640.000.930.270.67
PhilippinesPSE 29181162.0761.110.940.280.67
IndonesiaIDX 2214863.6457.140.860.210.64
ChileBCS 76452259.2148.891.040.420.62
JapanTOKYO 42291569.0551.720.760.140.62
ThailandSET 3116751.6143.750.750.190.56
Poland GPW 1812866.6766.670.750.250.50
ChinaSSE 29171158.6264.710.590.180.41
USFOREX 81371845.6848.650.570.160.41
MexicoBMV 2717762.9641.180.710.350.35
UKLSE 30171056.6758.820.590.240.35
UAEUAE 78361646.1544.440.690.390.31
SingaporeSGX 27151055.5666.670.330.070.27
CanadaTSX 3020966.6745.000.450.200.25
Vietnam HOSE 49311563.2748.390.390.260.13
Vietnam HOSE 11085350.270.540.110.010.10
The World 1152441894111756.961.700.080.020.06
KuwaitKSE 2302150.000.870.050.000.04
BrazilBOVESPA 33241172.7345.830.670.630.04
RussiaMICEX 6603252.580.580.040.010.04
IsraelTASE 18134351.410.320.030.000.02
USPREFERRED 7561155.950.
IndiaNSE 15481154.460.
UAEUAE 1291154.261.430.010.000.01
Austria WIENERBORSE 2813261.
IndiaBSE 32063253.430.
ItalyBORSA 27431164.420.
SwedenSTOCKHOLM 38004154.
FrancePARIS 25171155.
AustraliaASX 22961153.920.
USOTC PINK 32520057.
TaiwanGTSM 21030050.550.
TaiwanTWSE 24790055.550.
UKLSE 55160049.
USNYSE 87780062.790.
Vietnam HNX 3820043.720.
USWARRANTS 1680045.830.
PakistanKSE 3850052.990.
PortugalLISBON 710054.930.
ThailandSET 8560050.820.
TurkeyBIST 8070057.620.
SingaporeSGX 2030047.780.
NetherlandsAMSTERDAM 6870063.900.
NorwayOSE 8110055.490.
PhilippinesPSE 5060048.
Saudi ArabiaTADAWUL 6290057.
QatarQE 1170048.720.
MalaysiaBURSA 9390050.910.
MexicoBMV 5880060.880.
EgyptEGX 2880043.
JordanASE 470044.680.
South KoreaKOSDAQ 31680051.450.
South KoreaKRX 31590052.
JapanNAGOYA 960059.380.
JapanFUKUOKA 170035.
IndonesiaIDX 12060049.
ChinaSZSE 39190057.490.
DenmarkCOPENHAGEN 3210054.830.
GermanyXETRA 42190065.560.
ChileBCS 2120046.700.
Hong KongHKEX 37590053.920.
SpainIBEX 2770057.
Greece ATHENS 2330055.790.
SwitzerlandSIX 11010060.490.
BrazilBOVESPA 19390054.870.
CanadaCSE 3500047.430.
CanadaTSX-V 8690052.930.
ArgentinaBUE 6370060.910.
BelgiumBRUSSELS 2150054.420.
CanadaTSX 34141059.400.
JapanTOKYO 85903157.600.
ChinaSSE 37201057.530.
USNASDAQ 71512058.930.
Poland GPW 22311048.
USAMEX 12612060.590.000.000.01-0.01
BangladeshDSE 2651052.450.000.000.01-0.01
South KoreaKOSDAQ 1912663.1650.000.170.25-0.08
TurkeyBIST 149264.2922.220.220.44-0.22
AustraliaASX 2817860.7147.060.120.59-0.47
RussiaMICEX 179452.9444.440.441.11-0.67
JapanSAPPORO 41025.
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


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