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 2191187753.8865.2510.630.929.71
CanadaCSE 80421952.5045.2412.173.458.71
USWARRANTS 2715955.5660.009.471.408.07
The World 63897364602144057.0858.796.940.906.04
ArgentinaBUE 2081117653.3768.476.561.095.47
Greece ATHENS 95543456.8462.965.800.705.09
USOTC PINK 2479134669054.3051.267.662.645.01
CanadaTSX-V 3872088253.7539.428.263.284.98
IndiaNSE 89250532956.6165.155.500.874.64
IndonesiaIDX 44421011747.3055.715.260.744.52
South KoreaKOSDAQ 180692058250.9463.265.040.804.24
TurkeyBIST 54531419257.6161.154.870.764.11
BangladeshDSE 2491136445.3856.645.111.024.09
JordanASE 47231448.9460.874.870.874.00
Hong KongHKEX 2720135670049.8551.625.161.343.83
IndiaBSE 176399759356.5559.484.871.243.63
OmanMSM 142214.29100.003.500.003.50
EgyptEGX 169884852.0754.554.651.163.49
PhilippinesPSE 3301709651.5256.474.210.783.43
USOTCBB 106460.0066.674.000.673.33
Vietnam HNX 192935548.4459.144.901.653.26
USAMEX 35020111557.4357.214.401.143.25
UKLSE 35451671106247.1463.554.050.813.25
SwedenSTOCKHOLM 158085947554.3755.304.331.143.20
IsraelTASE 64635022754.1864.863.800.733.07
USNASDAQ 35222082126959.1760.893.991.062.93
BrazilBOVESPA 49827515855.2257.453.690.822.87
SingaporeSGX 166855151.2060.003.820.992.84
Poland GPW 131259333345.2756.063.831.032.80
Vietnam HOSE 47723013748.2259.573.670.902.77
RussiaMICEX 44224814456.1158.063.360.802.56
SpainIBEX 2171388663.5962.323.250.732.51
KuwaitKSE 59311952.5461.293.450.972.48
ChileBCS 130634248.4666.672.730.252.48
JapanTOKYO 46832788166059.5359.543.240.802.44
AustraliaASX 111263132556.7451.513.721.322.41
ThailandSET 43420310846.7753.203.290.892.40
TaiwanGTSM 132564332548.5350.543.230.852.39
FrancePARIS 160989454355.5660.742.930.622.31
MalaysiaBURSA 58728413948.3848.943.351.062.29
UAEUAE 64442768.7561.363.231.002.23
DenmarkCOPENHAGEN 1831137161.7562.832.810.662.14
CanadaTSX 2143131777461.4658.772.880.752.13
ChinaSZSE 2610162795762.3458.822.970.922.04
South KoreaKRX 2093107264851.2260.452.640.612.03
NorwayOSE 3301789453.9452.813.451.442.01
ChinaSSE 1918117771161.3760.412.770.871.89
ItalyBORSA 158899856763.1656.532.640.751.89
Austria WIENERBORSE 68402458.8260.002.400.531.88
MexicoBMV 30218511761.2663.242.430.561.87
TaiwanTWSE 150876542950.7356.082.470.611.87
JapanNAGOYA 63352055.5657.142.510.691.83
TaiwanGTSM 64366.6775.002.000.251.75
SwitzerlandSIX 32166.6750.001.500.001.50
USNYSE 53323413198464.0158.132.230.741.50
GermanyXETRA 1762120671668.4459.372.140.641.49
Poland GPW 95355.5660.001.600.201.40
BelgiumBRUSSELS 1991177358.7962.391.820.451.37
Greece ATHENS 1410971.4390.001.500.201.30
ItalyBORSA 1210983.3390.001.500.201.30
FrancePARIS 1210983.3390.001.500.201.30
Austria WIENERBORSE 1210983.3390.001.500.201.30
Saudi ArabiaTADAWUL 35118710953.2858.292.060.781.28
PortugalLISBON 65402861.5470.002.200.931.28
NetherlandsAMSTERDAM 39025216264.6264.291.690.421.27
SwitzerlandSIX 64140222462.7155.721.730.481.25
IsraelTASE 116454.5566.671.330.171.17
NorwayOSE 127658.3385.711.290.141.14
BelgiumBRUSSELS 119881.8288.891.220.221.00
GermanyXETRA 119881.8288.891.220.221.00
MexicoBMV 159660.0066.671.220.221.00
MalaysiaBURSA 146342.8650.001.170.171.00
JapanTOKYO 2010650.0060.001.100.101.00
IndiaNSE 85462.5080.001.000.001.00
UKLSE 136546.1583.331.000.001.00
PortugalLISBON 1310976.9290.001.200.201.00
NetherlandsAMSTERDAM 119881.8288.891.220.221.00
PakistanKSE 2516864.0050.001.190.250.94
SpainIBEX 1411978.5781.821.090.180.91
ArgentinaBUE 97477.7857.141.140.290.86
Hong KongHKEX 1912763.1658.331.000.170.83
DenmarkCOPENHAGEN 1512980.0075.000.920.170.75
SingaporeSGX 157646.6785.710.710.000.71
SwedenSTOCKHOLM 167343.7542.861.140.430.71
QatarQE 73351847.9551.431.801.090.71
FOREXFOREX 1910652.6360.000.800.100.70
JapanFUKUOKA 103230.0066.671.330.670.67
IndonesiaIDX 106360.0050.001.000.330.67
CanadaTSX 1713776.4753.850.620.000.62
BrazilBOVESPA 1110690.9160.001.100.500.60
ChinaSSE 127458.3357.141.000.430.57
USPREFERRED 49526413653.3351.520.860.340.53
USFOREX 39231258.9752.170.570.130.43
RussiaMICEX 115445.4580.000.800.400.40
ChileBCS 2114766.6750.000.500.140.36
ThailandSET 103130.0033.330.330.000.33
Vietnam HOSE 2415962.5060.000.470.200.27
UAEUAE 3317751.5241.180.410.350.06
PhilippinesPSE 115145.4520.000.800.800.00
AustraliaASX 95355.5660.000.000.20-0.20
TurkeyBIST 331100.0033.330.000.33-0.33
South KoreaKOSDAQ 63150.0033.330.000.33-0.33
BangladeshDSE 133023.080.000.000.67-0.67
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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