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 2731346049.0844.7814.874.1610.70
FOREXFOREX 43281965.1267.866.460.146.32
Poland GPW 200796850148.3351.655.551.244.32
The World 106959624073346458.4053.575.391.134.26
TurkeyBIST 77644424057.2254.055.241.054.19
USOTC PINK 40192221103155.5646.177.783.634.15
ArgentinaBUE 42824614658.6458.175.431.513.92
MexicoBMV 46427015958.1958.894.490.863.63
JordanASE 46261456.5253.854.380.813.58
OmanMSM 152213.33100.003.500.003.50
SwedenSTOCKHOLM 3346184192655.1150.224.991.493.50
South KoreaKOSDAQ 2759145883252.9256.994.511.023.49
EgyptEGX 2861427749.6554.234.731.263.47
IndiaBSE 2812157179255.9050.385.001.553.45
BangladeshDSE 3591798749.8648.604.781.423.36
UKLSE 53182570154148.4259.844.270.923.35
USOTCBB 106460.0066.674.000.673.33
IndonesiaIDX 87341219147.1946.364.681.353.33
Greece ATHENS 1901075456.3250.474.301.193.11
USAMEX 87353829561.6354.834.261.203.07
PakistanKSE 32818910357.6254.504.301.273.03
Austria WIENERBORSE 122795164.7564.564.281.273.01
IsraelTASE 121567137655.6455.623.820.922.90
USNASDAQ 58593537189960.4253.644.371.512.86
MalaysiaBURSA 91944220648.1046.614.211.432.78
ThailandSET 73236117449.3248.203.781.012.77
IndiaNSE 139081139358.4248.404.081.332.75
FrancePARIS 2364136078257.5357.503.500.782.72
NorwayOSE 67036117553.8848.483.901.432.48
Hong KongHKEX 3872203793152.6145.703.971.602.37
DenmarkCOPENHAGEN 3151669752.7058.433.361.012.34
South KoreaKRX 2952155385152.6154.803.050.762.29
ArgentinaBUE 1813972.2269.232.460.232.23
TaiwanGTSM 2140106852749.9149.343.180.972.21
Vietnam HOSE 98545924346.6052.943.130.972.16
TaiwanTWSE 2336125869153.8554.932.780.702.08
PhilippinesPSE 56427513748.7649.823.191.142.05
JapanTOKYO 82884947264459.6953.453.091.042.05
Saudi ArabiaTADAWUL 53429518555.2462.712.620.582.04
PortugalLISBON 80442455.0054.552.890.862.02
CanadaTSX 30831903105661.7655.462.990.972.02
Vietnam HNX 2861346946.8551.493.831.871.96
AustraliaASX 1903107353756.4949.953.381.501.88
SwitzerlandSIX 92456632361.4756.872.290.581.70
GermanyXETRA 30592130120769.6656.642.350.701.64
UAEUAE 83503060.2460.002.460.821.64
ChinaSZSE 45822739132059.7848.192.781.191.59
ItalyBORSA 2382155883265.4153.402.370.791.58
JapanNAGOYA 99582358.5939.662.450.981.47
BrazilBOVESPA 121066630255.5444.942.701.241.46
RussiaMICEX 67135417453.2048.742.310.851.46
USNYSE 71044642259365.3955.822.360.901.46
ChinaSSE 35612135109059.9651.052.381.051.34
ChileBCS 217954743.7849.472.160.821.34
SpainIBEX 2851709159.6553.532.220.971.25
IsraelTASE 2012760.0058.331.330.081.25
USPREFERRED 64336420156.6155.221.620.381.24
Austria WIENERBORSE 20141270.0085.711.360.141.21
QatarQE 124673154.0346.272.311.131.18
FrancePARIS 23151265.2280.001.270.131.13
ItalyBORSA 23151265.2280.001.270.131.13
PakistanKSE 47271457.4551.851.370.301.07
Greece ATHENS 23151265.2280.001.270.201.07
NetherlandsAMSTERDAM 62741823266.6755.501.660.611.06
Hong KongHKEX 34201258.8260.001.200.151.05
TaiwanGTSM 158553.3362.501.250.251.00
BelgiumBRUSSELS 22141163.6478.571.070.140.93
GermanyXETRA 22141163.6478.571.070.140.93
NetherlandsAMSTERDAM 22141163.6478.571.070.140.93
NorwayOSE 1712970.5975.001.000.080.92
IndonesiaIDX 1711764.7163.641.090.180.91
BelgiumBRUSSELS 2711579257.9358.601.550.680.87
PortugalLISBON 22151268.1880.001.070.200.87
CanadaTSX-V 76240315952.8939.454.643.850.78
JapanTOKYO 35231365.7156.520.870.090.78
SwedenSTOCKHOLM 2413654.1746.151.080.310.77
SpainIBEX 26191373.0868.420.840.110.74
SwitzerlandSIX 97477.7857.141.000.290.71
IndiaNSE 176435.2966.670.830.170.67
DenmarkCOPENHAGEN 27171362.9676.470.760.120.65
MalaysiaBURSA 2111452.3836.360.730.090.64
KuwaitKSE 160803150.0038.752.041.440.60
MexicoBMV 2214763.6450.000.860.290.57
SingaporeSGX 2221145451.3547.371.741.170.57
UKLSE 2111752.3863.640.730.180.55
Poland GPW 1711764.7163.640.820.270.55
ChinaSSE 2214863.6457.140.710.210.50
SingaporeSGX 2010750.0070.000.500.000.50
ChileBCS 50261252.0046.150.730.270.46
RussiaMICEX 135438.4680.000.800.400.40
USFOREX 61331554.1045.450.480.180.30
CanadaTSX 2417870.8347.060.470.180.29
ThailandSET 2211550.0045.450.450.180.27
USWARRANTS 36221161.1150.004.454.180.27
BrazilBOVESPA 2518972.0050.000.720.500.22
PhilippinesPSE 1910452.6340.000.600.500.10
UAEUAE 56291351.7944.830.410.340.07
Vietnam HOSE 39241261.5450.000.290.290.00
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 1911757.8963.640.180.45-0.27
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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