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 2411288253.1164.069.850.888.97
CanadaCSE 94482451.0650.0012.043.238.81
USWARRANTS 2515960.0060.009.471.408.07
The World 67874385892260756.8958.556.720.915.81
ArgentinaBUE 2191167852.9767.246.571.085.49
Greece ATHENS 106613957.5563.935.900.725.18
USOTC PINK 2602143173855.1151.467.492.634.86
CanadaTSX-V 4012198654.6139.278.033.214.82
IndonesiaIDX 47222012646.6157.275.360.734.63
IndiaNSE 96354834456.9162.775.170.944.23
South KoreaKOSDAQ 192796360250.6561.685.010.784.23
BangladeshDSE 2581186545.7455.085.251.084.16
TurkeyBIST 57233320658.2261.864.830.734.09
JordanASE 47231448.9460.874.870.874.00
Hong KongHKEX 2855142473249.8851.405.081.363.72
USAMEX 37221512357.8057.214.671.173.50
OmanMSM 142214.29100.003.500.003.50
IndiaBSE 1876105461556.1858.354.781.293.48
USOTCBB 106460.0066.674.000.673.33
PhilippinesPSE 3601809950.0055.004.080.803.28
UKLSE 38311793113646.8063.364.040.803.25
EgyptEGX 182934951.1052.694.411.173.24
IsraelTASE 67236323654.3264.663.880.713.17
SwedenSTOCKHOLM 175894151853.5355.054.161.212.94
Vietnam HOSE 50924714948.5360.323.830.892.94
USNASDAQ 37342209134259.1660.754.001.072.93
Vietnam HNX 184895148.3757.304.611.712.90
BrazilBOVESPA 52728916954.8458.483.700.822.88
SingaporeSGX 173895451.4560.673.750.962.80
Poland GPW 135060934445.1956.393.831.042.79
SpainIBEX 2281428762.2861.273.370.752.63
RussiaMICEX 46025715255.8759.143.360.772.58
ChileBCS 138664447.8366.672.800.262.55
JapanTOKYO 49232944177359.8060.223.310.792.53
TaiwanGTSM 142266834446.9851.503.220.842.39
AustraliaASX 118867534656.8251.263.641.342.30
UAEUAE 67452767.1660.003.240.982.27
FrancePARIS 173295158354.9161.302.850.602.25
ThailandSET 44920710646.1051.213.150.902.25
MalaysiaBURSA 62330314648.6448.183.281.112.18
KuwaitKSE 67342050.7558.823.090.942.15
Austria WIENERBORSE 76442757.8961.362.700.592.11
DenmarkCOPENHAGEN 1921167260.4262.072.780.672.11
CanadaTSX 2255137380560.9358.592.820.752.07
South KoreaKRX 2229112968050.6560.232.640.612.03
NorwayOSE 35919610354.6052.553.471.471.99
ChinaSZSE 28801792103662.2257.812.880.911.97
ItalyBORSA 1703106660562.6056.752.670.761.90
JapanNAGOYA 64352054.6957.142.510.711.80
TaiwanTWSE 161080144249.7555.182.420.621.80
MexicoBMV 31719112160.2563.352.390.601.80
ChinaSSE 2105129875461.6658.092.660.901.76
TaiwanGTSM 64366.6775.002.000.251.75
USNYSE 55923586209764.1358.482.240.721.52
SwitzerlandSIX 42150.0050.001.500.001.50
BelgiumBRUSSELS 2011177358.2162.391.920.441.49
GermanyXETRA 1875127475867.9559.502.140.651.48
Saudi ArabiaTADAWUL 38019911652.3758.292.250.781.47
Poland GPW 95355.5660.001.600.201.40
Austria WIENERBORSE 1210983.3390.001.500.201.30
FrancePARIS 1210983.3390.001.500.201.30
Greece ATHENS 1410971.4390.001.500.201.30
ItalyBORSA 1210983.3390.001.500.201.30
NetherlandsAMSTERDAM 41927317665.1664.471.620.421.20
PortugalLISBON 70412858.5768.292.150.981.17
IsraelTASE 116454.5566.671.330.171.17
SwitzerlandSIX 69742923761.5555.241.690.531.16
NorwayOSE 127658.3385.711.290.141.14
MalaysiaBURSA 146342.8650.001.170.171.00
JapanTOKYO 2010650.0060.001.100.101.00
IndiaNSE 85462.5080.001.000.001.00
BelgiumBRUSSELS 119881.8288.891.220.221.00
GermanyXETRA 119881.8288.891.220.221.00
UKLSE 136546.1583.331.000.001.00
PortugalLISBON 1310976.9290.001.200.201.00
NetherlandsAMSTERDAM 119881.8288.891.220.221.00
PakistanKSE 2616861.5450.001.190.250.94
Hong KongHKEX 2013865.0061.541.080.150.92
SpainIBEX 1411978.5781.821.090.180.91
MexicoBMV 1610662.5060.001.100.200.90
DenmarkCOPENHAGEN 1512980.0075.000.920.170.75
SwedenSTOCKHOLM 167343.7542.861.140.430.71
QatarQE 76351846.0551.431.801.090.71
FOREXFOREX 1910652.6360.000.800.100.70
JapanFUKUOKA 103230.0066.671.330.670.67
IndonesiaIDX 106360.0050.001.000.330.67
SingaporeSGX 168750.0087.500.630.000.63
ArgentinaBUE 108480.0050.001.000.380.63
CanadaTSX 1713776.4753.850.620.000.62
BrazilBOVESPA 1210683.3360.001.100.500.60
ChinaSSE 127458.3357.141.000.430.57
USPREFERRED 53128114152.9250.180.850.360.48
RussiaMICEX 115445.4580.000.800.400.40
USFOREX 40241260.0050.000.540.170.38
ChileBCS 2114766.6750.000.500.140.36
ThailandSET 103130.0033.330.330.000.33
Vietnam HOSE 2415962.5060.000.470.200.27
UAEUAE 3418752.9438.890.390.390.00
PhilippinesPSE 115145.4520.000.800.800.00
AustraliaASX 105350.0060.000.000.20-0.20
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
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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