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 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
ArgentinaBUE 74947130663.0264.837.191.235.96
EgyptEGX 3161328441.7763.646.101.204.90
TurkeyBIST 87750928058.0455.015.881.204.68
Poland GPW 2460119659248.6249.505.081.423.67
UAEUAE 158824551.9054.884.370.793.58
OmanMSM 152213.33100.003.500.003.50
IndiaBSE 37812042100954.0149.414.981.563.41
USOTCBB 106460.0066.674.000.673.33
Vietnam HNX 4221909145.0247.894.791.493.30
South KoreaKOSDAQ 36381843100750.8854.404.391.143.25
MexicoBMV 65939121759.3355.504.481.303.18
CanadaTSX-V 87445320251.8344.596.543.602.94
UKLSE 56862886161150.7655.823.971.102.87
USNASDAQ 79764718247659.1552.484.431.602.82
SwedenSTOCKHOLM 42342301112654.3548.944.561.772.79
BangladeshDSE 2741426951.8248.594.101.372.73
Hong KongHKEX 40072163101853.9847.064.461.742.72
IndiaNSE 1842105053157.0050.573.911.192.72
MalaysiaBURSA 101052024151.4946.354.151.482.66
DenmarkCOPENHAGEN 35919010652.9255.793.781.252.53
Greece ATHENS 2751496854.1845.643.791.292.50
USOTC PINK 3704210194457.9144.015.362.932.43
IndonesiaIDX 136666830748.9045.963.751.322.43
IsraelTASE 2039105157751.5454.903.451.092.36
NorwayOSE 90351325056.8148.733.851.572.29
ArgentinaBUE 20141070.0071.432.500.212.29
ThailandSET 99149823550.2547.193.321.032.29
QatarQE 132643648.4856.253.120.862.26
TaiwanGTSM 2347119458551.0948.793.220.992.23
FrancePARIS 2834157289355.4756.813.060.862.20
South KoreaKRX 36491923103552.7853.743.000.832.17
PakistanKSE 43022510952.3348.443.501.332.17
SpainIBEX 3161749755.0655.753.131.012.12
The World 129222729623851957.1352.173.241.142.10
PhilippinesPSE 53025313247.7452.173.161.102.05
TaiwanTWSE 2754156380656.7551.572.660.801.87
JapanTOKYO 96835620292758.0452.082.981.121.86
CanadaTSX 37392241121959.9454.402.810.951.86
ChinaSSE 46162515129654.4851.532.750.971.79
Saudi ArabiaTADAWUL 69438921456.0555.012.390.611.78
USAMEX 138982942659.6851.392.761.031.73
Vietnam HOSE 108355127250.8849.362.881.161.71
AustraliaASX 2510139266755.4647.923.311.631.68
ChileBCS 2361065244.9249.062.490.871.62
Austria WIENERBORSE 3041819059.5449.722.781.161.62
ChinaSZSE 48562657128654.7248.402.791.181.62
JordanASE 53261149.0642.312.721.151.57
USNYSE 98796186346362.6255.982.430.871.56
KuwaitKSE 2461266251.2249.212.751.191.55
BrazilBOVESPA 2229122064054.7352.462.581.061.52
TaiwanGTSM 2112857.1466.671.670.251.42
ItalyBORSA 31452052107965.2552.582.250.851.40
IndiaNSE 2710737.0470.001.500.101.40
SwitzerlandSIX 124076441461.6154.192.240.881.36
PakistanKSE 80371946.2551.351.650.301.35
GermanyXETRA 50003361180567.2253.702.100.781.32
IsraelTASE 2213759.0953.851.380.081.31
BelgiumBRUSSELS 2461307252.8555.382.030.771.25
NetherlandsAMSTERDAM 82952928463.8153.691.980.731.25
FOREXFOREX 49351971.4354.291.460.231.23
Austria WIENERBORSE 24161466.6787.501.250.131.13
ItalyBORSA 27171462.9682.351.180.121.06
FrancePARIS 27171462.9682.351.180.121.06
PortugalLISBON 74411955.4146.342.000.951.05
BangladeshDSE 237230.4328.571.290.291.00
Greece ATHENS 28171460.7182.351.180.181.00
Hong KongHKEX 52301557.6950.001.200.230.97
SwitzerlandSIX 1613881.2561.541.150.230.92
PortugalLISBON 25171468.0082.351.060.180.88
NetherlandsAMSTERDAM 26171465.3882.351.000.120.88
BelgiumBRUSSELS 26171465.3882.351.000.120.88
GermanyXETRA 25161364.0081.251.000.130.88
MalaysiaBURSA 3419955.8847.370.890.110.79
JapanNAGOYA 106632259.4334.922.201.420.78
JapanFUKUOKA 238434.7850.001.210.490.72
SpainIBEX 29211572.4171.430.810.100.71
NorwayOSE 20141070.0071.430.860.140.71
DenmarkCOPENHAGEN 35201557.1475.000.800.100.70
IndonesiaIDX 2214863.6457.140.860.210.64
SwedenSTOCKHOLM 2916755.1743.750.880.250.63
ChileBCS 78452257.6948.891.040.420.62
SingaporeSGX 2341124947.8643.751.811.240.57
PhilippinesPSE 31211267.7457.140.810.240.57
JapanTOKYO 48341770.8350.000.710.180.53
ThailandSET 3418852.9444.440.720.220.50
Poland GPW 1812866.6766.670.750.250.50
USFOREX 85402047.0650.000.630.180.45
ChinaSSE 30181160.0061.110.560.170.39
UAEUAE 88401745.4542.500.750.380.38
MexicoBMV 2917758.6241.180.710.350.35
SingaporeSGX 29171158.6264.710.350.060.29
UKLSE 31181058.0655.560.560.280.28
CanadaTSX 3120964.5245.000.450.200.25
Vietnam HOSE 52331763.4651.520.450.240.21
USPREFERRED 7561155.950.240.010.000.01
RussiaMICEX 5570054.580.000.000.000.00
USWARRANTS 1680045.830.000.000.000.00
South KoreaKOSDAQ 1912663.1650.000.170.25-0.08
BrazilBOVESPA 36271275.0044.440.590.70-0.11
RussiaMICEX 2213659.0946.150.921.08-0.15
CanadaCSE 3191505647.0237.334.544.70-0.16
TurkeyBIST 149264.2922.220.220.44-0.22
AustraliaASX 2917858.6247.060.120.59-0.47
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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