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
CanadaCSE 47221246.8154.5517.593.3214.27
PakistanKSE 1941077055.1565.4211.470.8710.60
USWARRANTS 2112657.1450.008.501.756.75
The World 54526314281860057.6659.167.500.896.61
Greece ATHENS 71432960.5667.446.400.705.70
ArgentinaBUE 164936556.7169.896.761.225.55
CanadaTSX-V 3121686353.8537.508.263.514.75
USOTC PINK 2014111256955.2151.177.392.664.73
IndiaNSE 72742927259.0163.405.410.984.43
South KoreaKOSDAQ 153480251052.2863.595.000.784.22
EgyptEGX 148764351.3556.585.341.164.18
Hong KongHKEX 2291115860750.5552.425.531.374.16
IndiaBSE 148083950856.6960.555.161.203.96
IndonesiaIDX 3381628847.9354.324.600.743.86
TurkeyBIST 46027817360.4362.234.430.673.76
PhilippinesPSE 2771508754.1558.004.490.733.76
BangladeshDSE 208945145.1954.264.771.013.76
JordanASE 43231353.4956.524.700.963.74
OmanMSM 132215.38100.003.500.003.50
Vietnam HOSE 34317010849.5663.534.250.883.38
USOTCBB 106460.0066.674.000.673.33
UKLSE 3096143291946.2564.184.060.783.29
IsraelTASE 50527918955.2567.744.000.713.28
Poland GPW 118752930944.5758.414.140.943.20
KuwaitKSE 44251656.8264.004.000.803.20
USNASDAQ 29361779110160.6361.854.071.053.02
SwedenSTOCKHOLM 127770438855.3654.883.941.092.85
RussiaMICEX 38922313157.3358.743.610.802.80
AustraliaASX 96754829256.6753.284.031.232.80
SingaporeSGX 150794752.6759.493.821.032.80
USAMEX 43425915159.6858.303.740.952.80
BrazilBOVESPA 38822513457.9959.563.500.732.77
Poland GPW 63350.00100.002.670.002.67
TaiwanGTSM 53360.00100.002.670.002.67
Vietnam HNX 173864549.7152.333.991.442.55
JapanTOKYO 37962275136659.9859.993.330.792.54
MalaysiaBURSA 50125412950.7050.793.440.982.47
UAEUAE 61412767.2165.853.461.002.46
ChileBCS 103543652.4366.672.720.262.46
DenmarkCOPENHAGEN 1611006562.1165.002.990.632.36
ThailandSET 3511688947.8652.983.240.882.36
South KoreaKRX 176490255651.1361.642.870.592.27
SpainIBEX 1781127362.9265.182.960.722.24
NorwayOSE 2791497953.4153.023.811.622.19
CanadaTSX 1882115368061.3258.932.920.742.17
FrancePARIS 137876247255.3061.942.710.602.11
JapanNAGOYA 50301960.0063.332.730.632.10
ChinaSZSE 2203140182763.6059.032.960.912.05
ItalyBORSA 136985648862.5357.012.760.752.00
ChinaSSE 1630102260862.7059.492.860.891.97
TaiwanGTSM 112755128148.8951.002.750.901.84
TaiwanTWSE 128765537050.8956.492.360.561.80
BelgiumBRUSSELS 1811026756.3565.692.240.441.79
Austria WIENERBORSE 50291858.0062.072.380.591.79
MexicoBMV 27816910660.7962.722.330.571.76
GermanyXETRA 1564107765268.8660.542.140.621.52
USNYSE 45732946169164.4257.402.180.761.43
NetherlandsAMSTERDAM 34822514664.6664.891.770.431.34
Greece ATHENS 107670.0085.711.570.291.29
ItalyBORSA 87687.5085.711.570.291.29
JapanTOKYO 147550.0071.431.430.141.29
Austria WIENERBORSE 87687.5085.711.570.291.29
FrancePARIS 87687.5085.711.570.291.29
IndiaNSE 64466.67100.001.250.001.25
IsraelTASE 84350.0075.001.250.001.25
SwitzerlandSIX 54534819564.0455.871.700.471.23
PortugalLISBON 60352358.3365.712.261.061.20
ArgentinaBUE 86475.0066.671.330.171.17
NorwayOSE 117663.6485.711.290.141.14
Saudi ArabiaTADAWUL 3081659553.5757.581.840.811.02
ThailandSET 81112.50100.001.000.001.00
UKLSE 106560.0083.331.000.001.00
MalaysiaBURSA 146342.8650.001.170.171.00
MexicoBMV 149664.2966.671.220.221.00
Hong KongHKEX 1610662.5060.001.100.200.90
QatarQE 68311645.5951.612.001.160.84
PortugalLISBON 86575.0083.331.170.330.83
NetherlandsAMSTERDAM 76585.7183.331.170.330.83
GermanyXETRA 76585.7183.331.170.330.83
BelgiumBRUSSELS 76585.7183.331.170.330.83
IndonesiaIDX 95355.5660.001.200.400.80
SingaporeSGX 104340.0075.000.750.000.75
SpainIBEX 97577.7871.431.000.290.71
SwedenSTOCKHOLM 167343.7542.861.140.430.71
JapanFUKUOKA 63250.0066.671.330.670.67
CanadaTSX 1613781.2553.850.620.000.62
PakistanKSE 1410371.4330.000.900.300.60
BrazilBOVESPA 1110690.9160.001.100.500.60
USFOREX 30171056.6758.820.650.060.59
ChinaSSE 117463.6457.141.000.430.57
DenmarkCOPENHAGEN 97577.7871.430.860.290.57
USPREFERRED 42422711653.5451.100.790.360.43
ChileBCS 1912763.1658.330.580.170.42
FOREXFOREX 178447.0650.000.500.130.38
UAEUAE 2312752.1758.330.580.250.33
RussiaMICEX 94344.4475.000.750.500.25
PhilippinesPSE 104140.0025.001.000.750.25
Vietnam HOSE 1913768.4253.850.310.230.08
SwitzerlandSIX 21050.000.000.000.000.00
AustraliaASX 64366.6775.000.000.25-0.25
TurkeyBIST 331100.0033.330.000.33-0.33
South KoreaKOSDAQ 63150.0033.330.000.33-0.33
BangladeshDSE 102020.000.000.000.50-0.50
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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