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 1/1/2019
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 3531626245.8938.2711.144.796.35
FOREXFOREX 48301962.5063.336.030.175.87
UAEUAE 89543360.6761.116.090.575.52
TurkeyBIST 73542223657.4155.925.531.124.41
The World 107613618933295257.5753.195.301.154.15
Poland GPW 209698849647.1450.205.401.433.97
USWARRANTS 151683245.0347.068.134.403.74
South KoreaKOSDAQ 2680141379952.7256.554.621.073.55
OmanMSM 152213.33100.003.500.003.50
IndiaNSE 132973237755.0851.504.571.153.42
ArgentinaBUE 48428316558.4758.304.771.403.37
IndiaBSE 2826150072053.0848.005.011.673.34
MexicoBMV 54532218359.0856.834.421.083.34
USOTCBB 106460.0066.674.000.673.33
EgyptEGX 2751267145.8256.354.581.273.31
USOTC PINK 40362262103356.6945.156.873.603.27
Greece ATHENS 2151256458.1451.204.441.293.15
UKLSE 52142496147347.8958.994.040.963.07
SwedenSTOCKHOLM 3478188994854.4950.034.551.553.00
IndonesiaIDX 98245721646.5447.264.221.472.75
MalaysiaBURSA 90846221050.8845.454.351.612.74
ThailandSET 77139119050.7148.593.710.972.74
FrancePARIS 2348134775357.3755.903.480.812.68
Hong KongHKEX 3653189987551.9846.084.231.702.53
Vietnam HNX 3341638148.8049.694.231.702.53
USNASDAQ 60123539185258.9352.274.111.602.51
PortugalLISBON 71402056.3450.003.130.652.48
IsraelTASE 146579743754.5454.693.370.952.42
ArgentinaBUE 1813972.2269.232.460.232.23
AustraliaASX 2133119660856.0750.843.681.452.22
Austria WIENERBORSE 1581076167.7257.013.481.262.21
Vietnam HOSE 100949425248.9651.013.211.002.21
South KoreaKRX 2812150780953.6653.612.960.762.20
TaiwanGTSM 2052100848349.1247.923.150.972.19
BangladeshDSE 3451718549.5749.713.491.322.16
NorwayOSE 72541720457.5248.923.581.412.16
JordanASE 4121951.2242.863.291.142.14
DenmarkCOPENHAGEN 3141669752.8758.433.100.962.14
USAMEX 106765434261.2952.293.181.092.09
TaiwanTWSE 2328125967354.0853.462.710.702.01
Saudi ArabiaTADAWUL 56130817654.9057.142.550.561.98
CanadaTSX 31381910102960.8753.872.930.981.96
JapanTOKYO 78604514238157.4352.752.931.081.85
ChileBCS 210944844.7651.062.680.851.83
PakistanKSE 3701909151.3547.893.331.521.81
SpainIBEX 2601427754.6254.232.540.771.76
PhilippinesPSE 52525012347.6249.202.711.051.66
ChinaSZSE 36332056100356.5948.782.711.121.59
USNYSE 68924311242362.5956.172.430.851.58
ChinaSSE 3002176093058.6352.842.420.881.54
ItalyBORSA 2527166191565.7355.092.200.691.51
GermanyXETRA 34272345131268.4355.952.200.701.50
RussiaMICEX 59429813950.5146.332.350.901.45
SwitzerlandSIX 97660733962.1955.852.130.751.38
IsraelTASE 2213759.0953.851.380.081.31
QatarQE 122662954.1043.942.441.211.23
BelgiumBRUSSELS 2141196355.6152.941.850.631.22
BrazilBOVESPA 156584939354.5046.072.431.231.20
Austria WIENERBORSE 21151371.4386.671.330.131.20
PakistanKSE 48271456.2551.851.480.301.19
ItalyBORSA 24161366.6781.251.250.131.13
FrancePARIS 24161366.6781.251.250.131.13
Greece ATHENS 24161366.6781.251.250.191.06
NetherlandsAMSTERDAM 61341524167.7058.071.630.591.04
JapanFUKUOKA 176335.2950.001.500.501.00
Hong KongHKEX 39211353.8561.901.140.141.00
USPREFERRED 68138620756.6853.631.500.550.95
BelgiumBRUSSELS 23151265.2280.001.070.130.93
GermanyXETRA 23151265.2280.001.070.130.93
NetherlandsAMSTERDAM 23151265.2280.001.070.130.93
KuwaitKSE 2251195152.8942.862.231.330.90
JapanNAGOYA 98571960.2032.201.971.070.90
TaiwanGTSM 179652.9466.671.110.220.89
PortugalLISBON 23161369.5781.251.060.190.88
IndiaNSE 207535.0071.431.000.140.86
NorwayOSE 1913968.4269.230.920.150.77
SwedenSTOCKHOLM 2513652.0046.151.080.310.77
SpainIBEX 27201474.0770.000.850.100.75
DenmarkCOPENHAGEN 29181462.0777.780.830.110.72
CanadaTSX-V 87045118652.1840.974.453.740.70
IndonesiaIDX 2113761.9053.850.920.230.69
SwitzerlandSIX 119581.8255.560.890.220.67
MalaysiaBURSA 2512548.0041.670.750.080.67
SingaporeSGX 2111074950.7145.791.891.230.65
JapanTOKYO 38261468.4253.850.770.150.62
Poland GPW 1711764.7163.640.820.270.55
ChileBCS 60331755.0051.520.730.210.52
UKLSE 2614953.8564.290.640.140.50
ChinaSSE 2415962.5060.000.670.200.47
MexicoBMV 2516764.0043.750.750.310.44
PhilippinesPSE 2414758.3350.000.790.360.43
USFOREX 69351650.7245.710.570.170.40
RussiaMICEX 135438.4680.000.800.400.40
CanadaTSX 2517868.0047.060.470.180.29
SingaporeSGX 26141053.8571.430.360.070.29
BrazilBOVESPA 30211170.0052.380.760.520.24
ThailandSET 2513552.0038.460.380.230.15
BangladeshDSE 154126.6725.000.500.500.00
UAEUAE 66331450.0042.420.360.39-0.03
Vietnam HOSE 45281362.2246.430.250.29-0.04
South KoreaKOSDAQ 159460.0044.440.110.33-0.22
TurkeyBIST 128266.6725.000.250.50-0.25
AustraliaASX 2516864.0050.000.130.56-0.44
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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