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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 170753244.7142.119.544.644.89
The World 94697535222801556.5652.305.401.174.23
ArgentinaBUE 2891619255.7157.146.172.064.11
Greece ATHENS 157865054.7858.144.691.143.55
OmanMSM 152213.33100.003.500.003.50
TurkeyBIST 75843024056.7355.814.461.123.34
USOTCBB 106460.0066.674.000.673.33
South KoreaKOSDAQ 2672133371849.9653.784.411.103.31
JordanASE 58311553.4548.394.261.003.26
USOTC PINK 3518189984754.4644.216.543.533.01
IndiaNSE 141078939056.0349.374.311.352.95
PakistanKSE 3251739653.2355.494.331.392.94
EgyptEGX 2771326947.6552.274.141.222.92
SwedenSTOCKHOLM 2764149173953.9849.534.411.512.90
BangladeshDSE 3811809147.2450.564.291.422.88
USWARRANTS 117363.6442.865.142.292.86
IndonesiaIDX 74634817046.6548.854.061.262.80
Hong KongHKEX 3798194589851.2146.174.391.622.77
Poland GPW 172777537544.8848.394.071.362.71
UKLSE 50952333134245.9557.333.711.062.65
CanadaTSX-V 55428910752.1737.026.533.962.57
IsraelTASE 96952430454.2857.793.500.972.53
PhilippinesPSE 50124512348.9050.203.481.142.34
ArgentinaBUE 1712870.5966.672.580.252.33
USNASDAQ 51883088164559.5853.223.641.432.21
IndiaBSE 2777147170153.0147.623.981.792.19
RussiaMICEX 61833817054.6950.303.040.972.08
Vietnam HNX 2331105847.2152.733.851.851.99
DenmarkCOPENHAGEN 2861689458.7455.953.051.121.93
Vietnam HOSE 81037119445.8052.293.061.131.93
JapanTOKYO 72214237227658.6853.722.951.021.93
SingaporeSGX 2101065350.4850.003.071.221.85
BrazilBOVESPA 84347823256.7048.542.991.171.82
MalaysiaBURSA 81439018047.9146.153.191.361.82
TaiwanGTSM 203699546748.8746.932.901.081.82
USAMEX 77746324759.8553.122.841.121.72
NorwayOSE 55829713453.2345.123.381.721.66
FrancePARIS 2355130070455.2054.152.420.811.62
TaiwanGTSM 105450.0080.001.800.201.60
AustraliaASX 161291443656.7047.703.181.581.60
TaiwanTWSE 2296120261552.3551.162.340.771.57
ThailandSET 68630614344.6146.732.661.111.54
South KoreaKRX 3155162586051.5152.922.360.811.54
MexicoBMV 39022612857.9556.642.270.771.50
Austria WIENERBORSE 125673253.6047.762.521.061.46
CanadaTSX 3124188699260.3752.602.400.971.43
SpainIBEX 2871799462.3752.512.300.961.35
ChileBCS 199924946.2353.261.920.601.33
ItalyBORSA 2180135769962.2551.512.220.911.31
Austria WIENERBORSE 17131176.4784.621.460.151.31
Greece ATHENS 19131168.4284.621.460.151.31
ChinaSZSE 39922418113560.5746.942.631.341.29
BelgiumBRUSSELS 2431448859.2661.111.860.601.26
ChinaSSE 2951177187660.0149.462.451.211.23
PakistanKSE 35231265.7152.171.480.261.22
Saudi ArabiaTADAWUL 54628615852.3855.242.050.841.22
FrancePARIS 19141173.6878.571.360.141.21
ItalyBORSA 19141173.6878.571.360.141.21
JapanTOKYO 27161159.2668.751.250.061.19
GermanyXETRA 2702180898066.9554.171.940.771.17
USNYSE 73504671252763.5854.082.090.941.15
UKLSE 157646.6785.711.140.001.14
KuwaitKSE 113552548.6745.452.331.241.09
SwitzerlandSIX 91856730161.7653.091.700.651.05
UAEUAE 85512660.0050.982.221.181.04
BelgiumBRUSSELS 18131072.2276.921.150.151.00
GermanyXETRA 18131072.2276.921.150.151.00
IsraelTASE 148557.1462.501.130.131.00
IndiaNSE 135438.4680.001.000.001.00
NetherlandsAMSTERDAM 18131072.2276.921.150.151.00
JapanNAGOYA 88472153.4144.682.021.060.96
PortugalLISBON 19141173.6878.571.140.210.93
IndonesiaIDX 159660.0066.671.110.220.89
NetherlandsAMSTERDAM 56735420762.4358.471.470.590.88
FOREXFOREX 25161064.0062.501.000.130.88
Hong KongHKEX 2414858.3357.141.000.140.86
SwedenSTOCKHOLM 2212654.5550.001.170.330.83
SpainIBEX 22171277.2770.590.940.120.82
NorwayOSE 1510766.6770.000.900.100.80
PortugalLISBON 93502653.7652.001.801.020.78
SwitzerlandSIX 53160.0033.331.000.330.67
DenmarkCOPENHAGEN 24171370.8376.470.760.120.65
MexicoBMV 2013765.0053.850.920.310.62
MalaysiaBURSA 1910352.6330.000.700.100.60
SingaporeSGX 179752.9477.780.560.000.56
ChinaSSE 1711764.7163.640.820.270.55
Poland GPW 1711764.7163.640.820.270.55
BrazilBOVESPA 2014770.0050.000.930.500.43
RussiaMICEX 125441.6780.000.800.400.40
USPREFERRED 63936517757.1248.490.800.420.38
CanadaTSX 2116876.1950.000.500.130.38
USFOREX 55321558.1846.880.500.190.31
QatarQE 110532048.1837.741.791.530.26
Vietnam HOSE 31201164.5255.000.350.250.10
UAEUAE 48251052.0840.000.440.360.08
ChileBCS 3319757.5836.840.370.320.05
PhilippinesPSE 136246.1533.330.670.670.00
ThailandSET 146242.8633.330.170.170.00
South KoreaKOSDAQ 85362.5060.000.200.200.00
JapanFUKUOKA 165331.2560.000.800.800.00
BangladeshDSE 154126.6725.000.500.500.00
AustraliaASX 126450.0066.670.170.170.00
TurkeyBIST 87287.5028.570.290.43-0.14
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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