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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
PakistanKSE 190955550.0057.8910.731.049.68
OmanMSM 42250.00100.008.000.008.00
CanadaCSE 117582748.7247.3711.514.477.04
The World 57931332041742257.3552.446.911.135.77
JordanASE 36171147.2264.715.530.884.65
IndonesiaIDX 4121989848.0649.495.351.054.31
BangladeshDSE 204994948.5349.495.481.314.17
JapanNAGOYA 53301756.6056.674.500.803.70
TurkeyBIST 47226314555.7255.134.601.053.55
ArgentinaBUE 2001106256.5054.874.881.383.50
CanadaTSX-V 4032108252.1139.056.923.453.47
ChileBCS 115523445.2265.383.810.373.44
Austria WIENERBORSE 60351958.3354.293.970.633.34
USOTCBB 106460.0066.674.000.673.33
USOTC PINK 2139115351654.4244.336.873.633.24
South KoreaKOSDAQ 165384346851.0055.524.070.963.11
Greece ATHENS 99553055.5654.554.021.023.00
SwedenSTOCKHOLM 166489544253.7949.394.401.492.92
EgyptEGX 153864356.2150.004.121.242.87
Vietnam HNX 160784748.7560.264.141.282.86
USAMEX 2931738459.0448.554.431.682.75
UKLSE 3226152188547.1558.193.680.962.72
PortugalLISBON 48281658.3357.143.610.892.71
PhilippinesPSE 3061577851.3149.683.691.072.62
IndiaNSE 81147723458.9448.953.861.262.60
Hong KongHKEX 2299119153751.8145.093.981.462.52
IsraelTASE 59830517151.0056.073.450.952.50
Vietnam HOSE 52624813647.1554.843.551.102.45
SingaporeSGX 137804658.3957.503.230.952.28
IndiaBSE 156589143756.9349.053.881.612.27
Poland GPW 109849324144.9948.793.511.282.23
TaiwanGTSM 116059129050.9549.073.231.002.23
USNASDAQ 31861889100859.3553.313.621.402.22
JapanTOKYO 43262601142860.1254.903.190.982.21
BrazilBOVESPA 45325812156.9546.903.221.102.13
FrancePARIS 140277743455.4255.862.770.772.00
CanadaTSX 1795110260061.3954.452.790.811.98
TaiwanTWSE 130266635051.1552.552.520.701.82
ThailandSET 3561637245.7944.172.750.971.79
DenmarkCOPENHAGEN 163915155.8356.042.630.871.76
TaiwanGTSM 74357.1475.002.000.251.75
South KoreaKRX 1920100552252.3451.942.440.771.68
MalaysiaBURSA 50223710747.2145.153.101.421.68
ItalyBORSA 136287844564.4650.682.650.981.67
SwitzerlandSIX 42150.0050.001.500.001.50
RussiaMICEX 3501849352.8650.272.340.861.48
KuwaitKSE 72331745.8351.522.521.061.45
Greece ATHENS 17121070.5983.331.580.171.42
Austria WIENERBORSE 15121080.0083.331.580.171.42
Poland GPW 105350.0060.001.600.201.40
SpainIBEX 1751085761.7152.782.561.191.37
USNYSE 45632984162965.4054.592.230.891.34
Saudi ArabiaTADAWUL 2841538653.8756.212.080.761.33
FrancePARIS 16131081.2576.921.460.151.31
ItalyBORSA 16131081.2576.921.460.151.31
AustraliaASX 96656025857.9746.073.051.741.31
ChinaSZSE 2879174482960.5847.532.431.201.23
UAEUAE 54311757.4154.841.840.611.23
GermanyXETRA 1587108859568.6254.641.990.801.19
PortugalLISBON 16121075.0083.331.330.171.17
IsraelTASE 116454.5566.671.330.171.17
NorwayOSE 127658.3385.711.290.141.14
BelgiumBRUSSELS 1512980.0075.001.250.171.08
GermanyXETRA 1512980.0075.001.250.171.08
NetherlandsAMSTERDAM 1512980.0075.001.250.171.08
SpainIBEX 17131076.4776.921.230.151.08
MexicoBMV 2311366658.8748.531.980.901.07
BelgiumBRUSSELS 168935655.3660.221.620.571.05
PakistanKSE 32211165.6352.381.290.241.05
JapanTOKYO 2313956.5269.231.080.081.00
IndiaNSE 85462.5080.001.000.001.00
UKLSE 136546.1583.331.000.001.00
USWARRANTS 52140.0050.002.501.501.00
SwitzerlandSIX 52132417162.1952.781.660.670.98
Hong KongHKEX 2113861.9061.541.080.150.92
MexicoBMV 1610662.5060.001.100.200.90
ChinaSSE 2094127762060.9848.552.011.190.82
MalaysiaBURSA 168350.0037.500.880.130.75
NetherlandsAMSTERDAM 36723713264.5855.701.380.640.74
SwedenSTOCKHOLM 189450.0044.441.000.330.67
FOREXFOREX 2112857.1466.670.830.170.67
IndonesiaIDX 126350.0050.001.000.330.67
DenmarkCOPENHAGEN 18141077.7871.430.790.140.64
SingaporeSGX 168750.0087.500.630.000.63
ArgentinaBUE 108480.0050.001.000.380.63
CanadaTSX 1713776.4753.850.620.000.62
BrazilBOVESPA 1210683.3360.001.100.500.60
NorwayOSE 3151667352.7043.982.231.720.51
ChinaSSE 159560.0055.560.780.330.44
USFOREX 44271361.3648.150.560.150.41
RussiaMICEX 115445.4580.000.800.400.40
USPREFERRED 46824311851.9248.560.760.400.36
ChileBCS 2314760.8750.000.500.140.36
Vietnam HOSE 26171065.3858.820.470.180.29
QatarQE 64331451.5642.421.331.330.00
PhilippinesPSE 115145.4520.000.800.800.00
ThailandSET 124133.3325.000.250.250.00
UAEUAE 3720754.0535.000.350.40-0.05
AustraliaASX 115345.4560.000.000.20-0.20
TurkeyBIST 331100.0033.330.000.33-0.33
South KoreaKOSDAQ 63150.0033.330.000.33-0.33
BangladeshDSE 143021.430.000.000.67-0.67
JapanFUKUOKA 82025.000.000.001.50-1.50
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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