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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 73242.8666.6711.671.0010.67
PakistanKSE 2181126451.3857.149.411.158.26
OmanMSM 42250.00100.008.000.008.00
CanadaCSE 137622945.2646.7710.614.056.56
The World 65882377361990957.3352.716.421.125.30
JordanASE 37171145.9564.715.530.884.65
IndonesiaIDX 47922311446.5651.125.420.994.43
BangladeshDSE 2411135746.8950.445.041.213.82
USOTC PINK 2443132861154.5245.877.343.543.80
TurkeyBIST 53729715855.3153.204.561.083.48
USOTCBB 106460.0066.674.000.673.33
South KoreaKOSDAQ 185195652451.6554.814.210.993.22
ArgentinaBUE 2261287057.0854.264.571.433.15
JapanNAGOYA 60331755.0051.524.030.943.09
Greece ATHENS 108583253.7055.174.121.073.05
SwedenSTOCKHOLM 1989108054954.3050.834.461.463.00
UKLSE 36301722102447.4959.403.720.902.81
Vietnam HNX 170804647.0657.504.151.452.70
Poland GPW 121654527244.9849.733.911.272.63
ChileBCS 133613645.8659.023.000.382.62
Austria WIENERBORSE 81482559.2652.083.400.882.52
EgyptEGX 1911005052.3650.003.741.222.52
PhilippinesPSE 3521788950.5750.003.541.072.48
PortugalLISBON 56311755.3654.843.290.842.45
Vietnam HOSE 59527515346.2255.643.401.032.38
IndiaBSE 180599548355.1248.543.991.632.36
BrazilBOVESPA 51729414657.0649.493.341.052.28
Hong KongHKEX 2537131157951.8744.003.771.492.28
IndiaNSE 94655425958.6746.673.581.302.28
CanadaTSX-V 4282238452.1037.675.743.462.28
IsraelTASE 69135419751.2355.653.230.962.27
SingaporeSGX 149854757.0555.293.020.862.16
USNASDAQ 36572179116459.8953.153.561.452.11
TaiwanGTSM 134869034051.1949.283.090.992.11
ArgentinaBUE 1310676.9260.002.400.302.10
USAMEX 50831217561.4256.093.131.102.04
JapanTOKYO 51813083164859.5153.453.021.002.02
FrancePARIS 159187849955.1956.832.730.761.97
DenmarkCOPENHAGEN 1921086156.2556.482.850.891.96
CanadaTSX 2076128070661.6655.162.700.801.89
MalaysiaBURSA 55325911746.8445.173.051.231.82
ThailandSET 4021848245.7744.572.770.971.80
TaiwanTWSE 146476740852.3953.192.480.691.80
TaiwanGTSM 74357.1475.002.000.251.75
ItalyBORSA 151798251264.7352.142.650.931.72
South KoreaKRX 2208115459052.2651.132.340.781.56
SwitzerlandSIX 42150.0050.001.500.001.50
RussiaMICEX 41622110953.3749.102.260.841.42
SpainIBEX 1981226661.6254.102.541.131.41
GermanyXETRA 1850126072768.1657.652.110.751.37
AustraliaASX 107462629958.2947.763.001.641.36
Greece ATHENS 18131172.2284.621.460.151.31
Austria WIENERBORSE 16131181.2584.621.460.151.31
USNYSE 51823387186765.3855.112.180.881.30
ChinaSZSE 3130186287159.4946.782.491.221.27
Saudi ArabiaTADAWUL 3331739551.9554.912.060.841.22
PakistanKSE 34231267.6552.171.480.261.22
FrancePARIS 18141177.7878.571.360.141.21
ItalyBORSA 18141177.7878.571.360.141.21
BelgiumBRUSSELS 1821036356.5961.171.750.581.17
UKLSE 157646.6785.711.140.001.14
NorwayOSE 127658.3385.711.290.141.14
IsraelTASE 127558.3371.431.290.141.14
MexicoBMV 2611507657.4750.671.960.851.11
PortugalLISBON 17131176.4784.621.230.151.08
SwitzerlandSIX 60237920362.9653.561.720.661.06
SwedenSTOCKHOLM 2010550.0050.001.300.301.00
NetherlandsAMSTERDAM 17131076.4776.921.150.151.00
IndiaNSE 95455.5680.001.000.001.00
GermanyXETRA 17131076.4776.921.150.151.00
SpainIBEX 18141177.7878.571.140.141.00
BelgiumBRUSSELS 17131076.4776.921.150.151.00
JapanTOKYO 26151057.6966.671.000.070.93
Hong KongHKEX 2113861.9061.541.080.150.92
NorwayOSE 3781988952.3844.952.421.590.83
ChinaSSE 2247134864659.9947.922.011.200.80
NetherlandsAMSTERDAM 40626415365.0257.951.410.610.80
MexicoBMV 1711664.7154.551.000.270.73
KuwaitKSE 80331741.2551.521.881.150.73
IndonesiaIDX 137453.8557.141.000.290.71
UAEUAE 60331855.0054.551.640.940.70
MalaysiaBURSA 179352.9433.330.780.110.67
DenmarkCOPENHAGEN 24171370.8376.470.760.120.65
SingaporeSGX 168750.0087.500.630.000.63
FOREXFOREX 2213859.0961.540.770.150.62
Poland GPW 1610662.5060.000.900.300.60
BrazilBOVESPA 1310676.9260.001.100.500.60
CanadaTSX 1814877.7857.140.570.000.57
USPREFERRED 50227713555.1848.740.820.360.45
ChinaSSE 1610662.5060.000.700.300.40
RussiaMICEX 115445.4580.000.800.400.40
USFOREX 49291459.1848.280.550.170.38
ChileBCS 2616761.5443.750.440.130.31
QatarQE 70371752.8645.951.431.240.19
Vietnam HOSE 28191067.8652.630.370.260.11
PhilippinesPSE 115145.4520.000.800.800.00
ThailandSET 124133.3325.000.250.250.00
UAEUAE 4022855.0036.360.360.41-0.05
AustraliaASX 115345.4560.000.000.20-0.20
TurkeyBIST 331100.0033.330.000.33-0.33
South KoreaKOSDAQ 63150.0033.330.000.33-0.33
BangladeshDSE 143021.430.000.000.67-0.67
JapanFUKUOKA 102020.000.000.001.50-1.50
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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