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 1/1/2022
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
OmanMSM 152213.33100.003.500.003.50
USOTCBB 106460.0066.674.000.673.33
FOREXFOREX 56392369.6458.972.920.212.72
ArgentinaBUE 22151168.1873.332.470.202.27
IsraelTASE 2515960.0060.001.670.071.60
TaiwanGTSM 2213959.0969.231.620.231.38
Austria WIENERBORSE 27191670.3784.211.370.111.26
PakistanKSE 84402147.6252.501.530.281.25
Greece ATHENS 31201664.5280.001.300.151.15
ItalyBORSA 31211767.7480.951.240.101.14
IndiaNSE 31141045.1671.431.290.141.14
FrancePARIS 31211767.7480.951.240.101.14
BangladeshDSE 259336.0033.331.440.331.11
PortugalLISBON 29201668.9780.001.200.151.05
NetherlandsAMSTERDAM 30211770.0080.951.100.101.00
GermanyXETRA 29201668.9780.001.100.101.00
BelgiumBRUSSELS 30211770.0080.951.100.101.00
SwitzerlandSIX 1613881.2561.541.150.230.92
SpainIBEX 32241775.0070.830.960.080.88
Hong KongHKEX 57361663.1644.441.000.250.75
MalaysiaBURSA 3620955.5645.000.850.150.70
DenmarkCOPENHAGEN 38221657.8972.730.770.090.68
IndonesiaIDX 2416966.6756.250.880.250.63
NorwayOSE 23161169.5768.750.750.130.63
ChileBCS 84492458.3348.981.020.450.57
SwedenSTOCKHOLM 3318754.5538.890.780.220.56
PhilippinesPSE 33221266.6754.550.770.230.55
JapanTOKYO 51371972.5551.350.700.160.54
ChinaSSE 36231463.8960.870.700.170.52
Poland GPW 2214963.6464.290.710.210.50
USFOREX 90432247.7851.160.600.190.42
ThailandSET 3620855.5640.000.650.250.40
MexicoBMV 3018760.0038.890.670.330.33
SingaporeSGX 31191361.2968.420.370.050.32
UAEUAE 107532349.5343.400.660.360.30
UKLSE 34201158.8255.000.500.250.25
CanadaTSX 3120964.5245.000.450.200.25
Vietnam HOSE 56371966.0751.350.490.240.24
Vietnam HOSE 12085350.750.490.090.010.08
The World 1340372117123557.881.590.070.020.05
KuwaitKSE 2401152.080.800.040.000.04
TaiwanGTSM 23412252.030.160.030.000.03
IsraelTASE 21556452.480.350.030.000.03
ChinaSSE 50783155.340.040.020.000.02
USPREFERRED 7561155.950.240.010.000.01
EgyptEGX 2992146.490.720.030.020.01
IndiaNSE 21241156.260.080.010.000.01
Hong KongHKEX 42772252.890.090.010.000.01
SwedenSTOCKHOLM 41432156.460.040.010.000.00
IndiaBSE 42104254.180.090.000.000.00
NetherlandsAMSTERDAM 8921166.260.170.000.000.00
ItalyBORSA 33681166.630.040.000.000.00
AustraliaASX 25772256.270.140.000.000.00
JapanTOKYO 96515258.870.040.000.000.00
FrancePARIS 28101156.510.060.000.000.00
USOTC PINK 41270056.820.000.000.000.00
USNASDAQ 80810060.200.000.000.000.00
TaiwanTWSE 27560057.290.000.000.000.00
USAMEX 14740061.940.000.000.000.00
UKLSE 56790053.950.000.000.000.00
Vietnam HNX 4090046.450.000.000.000.00
USWARRANTS 1680045.830.000.000.000.00
RussiaMICEX 5570054.580.000.000.000.00
PortugalLISBON 730054.790.000.000.000.00
PakistanKSE 4200056.670.000.000.000.00
ThailandSET 10570049.860.000.000.000.00
TurkeyBIST 8920060.430.000.000.000.00
SingaporeSGX 2420048.760.000.000.000.00
Saudi ArabiaTADAWUL 6880056.100.000.000.000.00
MalaysiaBURSA 10360051.930.000.000.000.00
MexicoBMV 6770061.600.000.000.000.00
PhilippinesPSE 4910049.290.000.000.000.00
NorwayOSE 9200056.410.000.000.000.00
JapanNAGOYA 880057.950.000.000.000.00
JapanFUKUOKA 170052.940.000.000.000.00
JordanASE 470055.320.000.000.000.00
South KoreaKOSDAQ 38470049.680.000.000.000.00
South KoreaKRX 36550052.230.000.000.000.00
South KoreaKOSDAQ 2013765.0053.850.230.230.00
CanadaCSE 2970046.460.000.000.000.00
CanadaTSX-V 8260048.910.000.000.000.00
BrazilBOVESPA 40301375.0043.330.700.700.00
BrazilBOVESPA 24980054.320.000.000.000.00
SwitzerlandSIX 13190063.610.000.000.000.00
ArgentinaBUE 3220068.010.000.000.000.00
BelgiumBRUSSELS 2780051.080.000.000.000.00
ChileBCS 2470044.940.000.000.000.00
GermanyXETRA 54520068.760.000.000.000.00
ChinaSZSE 50580055.100.000.000.000.00
SpainIBEX 3460054.910.000.000.000.00
BangladeshDSE 2730052.380.000.000.000.00
Greece ATHENS 2770061.730.000.000.000.00
USNYSE 98891063.350.000.000.000.00
CanadaTSX 36201061.600.000.000.000.00
DenmarkCOPENHAGEN 3311056.500.000.000.000.00
Poland GPW 26931049.050.000.000.000.00
IndonesiaIDX 14762049.660.000.000.01-0.01
UAEUAE 1831049.730.000.000.02-0.02
Austria WIENERBORSE 2892156.400.610.000.03-0.02
QatarQE 1481052.030.000.000.03-0.03
TurkeyBIST 1810255.5620.000.200.50-0.30
AustraliaASX 3823960.5339.130.090.61-0.52
RussiaMICEX 3421661.7628.570.571.38-0.81
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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