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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
PakistanKSE 2141147453.2764.9110.890.959.94
CanadaCSE 71381853.5247.3713.293.589.71
USWARRANTS 2614853.8557.149.361.507.86
The World 60197346342050157.5659.177.150.906.25
ArgentinaBUE 1911047354.4570.196.551.035.52
Greece ATHENS 92563660.8764.295.910.615.30
CanadaTSX-V 3651967853.7039.808.543.385.16
IndonesiaIDX 39818810647.2456.385.740.764.99
USOTC PINK 2299126164854.8951.357.622.684.94
IndiaNSE 83247530957.0965.055.480.874.61
South KoreaKOSDAQ 171189456552.3163.135.070.804.27
BangladeshDSE 2411096345.2357.805.110.934.18
JordanASE 47231448.9460.874.870.874.00
Hong KongHKEX 2527127466150.4251.885.271.373.90
IndiaBSE 166594156056.5259.514.961.263.70
TurkeyBIST 52830818658.3360.394.320.743.59
EgyptEGX 170894752.3552.814.711.193.52
PhilippinesPSE 3201689552.5056.554.260.753.51
OmanMSM 142214.29100.003.500.003.50
UKLSE 33581579101747.0264.414.160.783.38
USOTCBB 106460.0066.674.000.673.33
USAMEX 34919911657.0258.294.371.143.23
IsraelTASE 58631820954.2765.723.780.723.06
SwedenSTOCKHOLM 146079244454.3255.994.111.083.03
USNASDAQ 32391952120860.2761.894.071.043.03
Vietnam HNX 186935150.0054.844.571.582.99
Poland GPW 128557332944.6757.323.950.992.95
KuwaitKSE 54281851.8564.293.710.822.89
Vietnam HOSE 43220912548.3859.813.720.872.85
SingaporeSGX 162855152.4760.003.820.982.85
BrazilBOVESPA 47225814654.6656.593.640.832.81
RussiaMICEX 41623513756.4958.303.470.802.67
AustraliaASX 106260431756.8752.483.851.282.56
JapanTOKYO 43212627158360.8060.263.330.772.55
ThailandSET 3951859846.8452.973.420.892.53
ChileBCS 124604048.3966.672.780.272.52
UAEUAE 62432669.3560.473.301.022.28
TaiwanGTSM 122959730448.5850.923.160.892.27
MalaysiaBURSA 57527613748.0049.643.311.042.27
DenmarkCOPENHAGEN 1761107062.5063.642.880.652.24
NorwayOSE 2971628854.5554.323.621.442.18
CanadaTSX 2044126174161.6958.762.910.742.16
South KoreaKRX 1970101261951.4761.052.740.602.14
SpainIBEX 1971268063.9663.492.850.722.13
FrancePARIS 151184251655.7261.282.700.612.09
ChinaSZSE 2471156591963.3358.722.960.912.05
Poland GPW 84350.0075.002.000.002.00
JapanNAGOYA 59332055.9360.612.670.701.97
ItalyBORSA 151595154962.9757.552.680.731.95
ChinaSSE 1844114768862.2659.932.800.861.94
TaiwanTWSE 141071840750.9256.692.540.601.94
Austria WIENERBORSE 59342057.6358.822.440.561.88
MexicoBMV 29618211561.4963.192.370.551.82
TaiwanGTSM 64366.6775.002.000.251.75
GermanyXETRA 1686116469369.0459.542.160.641.52
USNYSE 49833231188164.8658.202.250.741.51
SwitzerlandSIX 32166.6750.001.500.001.50
BelgiumBRUSSELS 1951147158.4662.281.810.461.35
Greece ATHENS 139869.2388.891.560.221.33
ItalyBORSA 119881.8288.891.560.221.33
FrancePARIS 119881.8288.891.560.221.33
Austria WIENERBORSE 119881.8288.891.560.221.33
Saudi ArabiaTADAWUL 33517810553.1358.992.130.801.33
SwitzerlandSIX 60938522063.2257.141.760.451.31
NetherlandsAMSTERDAM 37324015664.3465.001.730.431.30
PortugalLISBON 63382660.3268.422.260.971.29
IndiaNSE 64466.67100.001.250.001.25
IsraelTASE 116454.5566.671.330.171.17
NorwayOSE 117663.6485.711.290.141.14
JapanTOKYO 179652.9466.671.220.111.11
UKLSE 136546.1583.331.000.001.00
PortugalLISBON 118772.7387.501.250.251.00
NetherlandsAMSTERDAM 108780.0087.501.250.251.00
BelgiumBRUSSELS 108780.0087.501.250.251.00
GermanyXETRA 108780.0087.501.250.251.00
MexicoBMV 159660.0066.671.220.221.00
MalaysiaBURSA 146342.8650.001.170.171.00
Hong KongHKEX 1710658.8260.001.100.200.90
SpainIBEX 129775.0077.781.110.220.89
ArgentinaBUE 97477.7857.141.140.290.86
SingaporeSGX 115445.4580.000.800.000.80
IndonesiaIDX 95355.5660.001.200.400.80
QatarQE 71351849.3051.431.831.090.74
DenmarkCOPENHAGEN 1411878.5772.730.910.180.73
SwedenSTOCKHOLM 167343.7542.861.140.430.71
JapanFUKUOKA 93233.3366.671.330.670.67
FOREXFOREX 189550.0055.560.780.110.67
CanadaTSX 1613781.2553.850.620.000.62
BrazilBOVESPA 1110690.9160.001.100.500.60
ChinaSSE 127458.3357.141.000.430.57
PakistanKSE 2315765.2246.670.800.270.53
USPREFERRED 47725813154.0950.780.830.340.49
USFOREX 36201055.5650.000.550.150.40
ChileBCS 2013765.0053.850.540.150.38
ThailandSET 103130.0033.330.330.000.33
RussiaMICEX 104340.0075.000.750.500.25
UAEUAE 2914748.2850.000.500.360.14
Vietnam HOSE 2213759.0953.850.310.230.08
PhilippinesPSE 115145.4520.000.800.800.00
AustraliaASX 95355.5660.000.000.20-0.20
TurkeyBIST 331100.0033.330.000.33-0.33
South KoreaKOSDAQ 63150.0033.330.000.33-0.33
BangladeshDSE 112018.180.000.000.50-0.50
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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