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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 2851385948.4242.7514.174.1510.02
FOREXFOREX 43281965.1267.866.460.146.32
Poland GPW 2123102752948.4751.415.381.224.16
The World 112419656733521858.4853.575.291.134.15
TurkeyBIST 82847225457.1353.705.071.014.05
ArgentinaBUE 46727917059.9660.715.351.443.91
USWARRANTS 65351953.8554.297.113.233.89
JordanASE 50301660.0053.334.871.003.87
USOTC PINK 43112377109555.7245.597.553.693.86
OmanMSM 152213.33100.003.500.003.50
South KoreaKOSDAQ 2916152986552.5756.434.491.043.45
BangladeshDSE 3711859149.8749.194.791.393.39
MexicoBMV 50529717258.8157.914.260.883.39
IndiaBSE 2969166983656.2150.094.951.573.38
SwedenSTOCKHOLM 3573196598155.0549.874.831.493.34
USOTCBB 106460.0066.674.000.673.33
UKLSE 55292711161749.1459.514.220.913.31
IndonesiaIDX 93344620747.8046.414.631.343.29
EgyptEGX 3031498149.1754.364.521.303.22
Greece ATHENS 1981125757.0750.444.161.172.99
IsraelTASE 130772641555.7856.933.910.932.98
IndiaNSE 145086042359.4549.074.251.302.95
PakistanKSE 36520311155.6254.684.161.242.92
USNASDAQ 62383760201560.4053.484.411.492.92
USAMEX 94158032361.6455.694.121.212.91
MalaysiaBURSA 96747322148.9146.724.261.452.81
ThailandSET 78138819049.6848.973.781.002.78
FrancePARIS 2472142982757.8157.873.520.762.76
Austria WIENERBORSE 131885367.1860.233.951.242.72
Hong KongHKEX 4034214599553.1746.394.091.602.49
PortugalLISBON 82452454.8853.333.310.872.44
NorwayOSE 70138918955.4948.593.811.382.44
DenmarkCOPENHAGEN 34418410753.4958.153.270.892.38
Vietnam HOSE 102848826047.4753.283.240.942.31
AustraliaASX 2066117359556.7850.723.771.492.28
ArgentinaBUE 1813972.2269.232.460.232.23
South KoreaKRX 3099162587252.4453.663.010.782.23
TaiwanGTSM 2229112255150.3449.113.130.972.17
PhilippinesPSE 57828014248.4450.713.201.112.10
UAEUAE 87523259.7761.542.880.792.10
CanadaTSX 32492006110661.7455.133.030.982.06
JapanTOKYO 87395173276259.1953.393.081.052.03
TaiwanTWSE 2438131172053.7754.922.720.702.02
Saudi ArabiaTADAWUL 56731419355.3861.462.590.592.00
JapanNAGOYA 112642658.9339.392.760.921.83
Vietnam HNX 2951397147.1251.083.561.871.69
SwitzerlandSIX 97760634462.4456.392.290.601.69
GermanyXETRA 32622263129269.4457.042.350.701.66
ItalyBORSA 2483163586865.8553.092.360.801.57
ChinaSZSE 47962874138359.9248.122.741.181.56
USNYSE 74764881273665.2956.052.370.891.49
RussiaMICEX 72337318352.5648.162.280.861.42
BrazilBOVESPA 139477936455.8846.732.641.221.42
ChileBCS 226984843.3648.982.210.831.39
ChinaSSE 37162245115060.4151.222.391.041.35
SpainIBEX 2941739158.8452.602.270.971.29
QatarQE 128703454.6948.572.361.091.27
Austria WIENERBORSE 21151371.4386.671.330.131.20
PakistanKSE 47271457.4551.851.480.301.19
IsraelTASE 2012660.0050.001.250.081.17
USPREFERRED 64937921158.4055.671.570.411.17
FrancePARIS 24161366.6781.251.250.131.13
ItalyBORSA 24161366.6781.251.250.131.13
NetherlandsAMSTERDAM 65643925067.2356.691.690.581.12
Greece ATHENS 24161366.6781.251.250.191.06
TaiwanGTSM 158553.3362.501.250.251.00
Hong KongHKEX 36211358.3361.901.140.141.00
BelgiumBRUSSELS 2851669658.2557.831.650.720.93
NetherlandsAMSTERDAM 23151265.2280.001.070.130.93
GermanyXETRA 23151265.2280.001.070.130.93
BelgiumBRUSSELS 23151265.2280.001.070.130.93
PortugalLISBON 23161369.5781.251.060.190.88
KuwaitKSE 179893549.7239.332.191.380.81
JapanTOKYO 35231365.7156.520.870.090.78
SwedenSTOCKHOLM 2413654.1746.151.080.310.77
NorwayOSE 1913968.4269.230.920.150.77
SwitzerlandSIX 108580.0062.501.000.250.75
SpainIBEX 27201474.0770.000.850.100.75
IndonesiaIDX 1812766.6758.331.000.250.75
DenmarkCOPENHAGEN 29181462.0777.780.830.110.72
SingaporeSGX 2381235951.6847.971.761.080.67
IndiaNSE 176435.2966.670.830.170.67
MalaysiaBURSA 2211450.0036.360.730.090.64
Poland GPW 1711764.7163.640.820.270.55
ChileBCS 55281450.9150.000.790.250.54
MexicoBMV 2415762.5046.670.800.270.53
CanadaTSX-V 80442816853.2339.254.433.900.53
ChinaSSE 2214963.6464.290.710.210.50
UKLSE 2414858.3357.140.570.140.43
RussiaMICEX 135438.4680.000.800.400.40
SingaporeSGX 24131054.1776.920.380.080.31
CanadaTSX 2417870.8347.060.470.180.29
USFOREX 63341553.9744.120.470.180.29
ThailandSET 2211550.0045.450.450.180.27
BrazilBOVESPA 26191073.0852.630.680.470.21
PhilippinesPSE 2010450.0040.000.600.500.10
UAEUAE 60301350.0043.330.400.370.03
Vietnam HOSE 41261363.4150.000.270.270.00
BangladeshDSE 154126.6725.000.500.500.00
South KoreaKOSDAQ 147350.0042.860.140.29-0.14
TurkeyBIST 128266.6725.000.250.50-0.25
AustraliaASX 2011755.0063.640.180.45-0.27
JapanFUKUOKA 154126.6725.000.250.75-0.50
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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