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 1/1/2019
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
ArgentinaBUE 19141073.6871.432.500.212.29
TaiwanGTSM 1810755.5670.002.000.201.80
PakistanKSE 54291653.7055.171.930.281.66
BangladeshDSE 175229.4140.001.800.401.40
FOREXFOREX 43291767.4458.621.520.211.31
IsraelTASE 2213759.0953.851.380.081.31
Austria WIENERBORSE 21151371.4386.671.330.131.20
ItalyBORSA 24161366.6781.251.250.131.13
IndiaNSE 238634.7875.001.250.131.13
FrancePARIS 24161366.6781.251.250.131.13
Greece ATHENS 24161366.6781.251.250.191.06
NetherlandsAMSTERDAM 23151265.2280.001.070.130.93
BelgiumBRUSSELS 23151265.2280.001.070.130.93
GermanyXETRA 23151265.2280.001.070.130.93
Hong KongHKEX 44221350.0059.091.090.180.91
SwitzerlandSIX 1411678.5754.551.180.270.91
PortugalLISBON 23161369.5781.251.060.190.88
NorwayOSE 1913968.4269.230.920.150.77
SwedenSTOCKHOLM 2513652.0046.151.080.310.77
SpainIBEX 27201474.0770.000.850.100.75
DenmarkCOPENHAGEN 30181460.0077.780.830.110.72
JapanTOKYO 40271567.5055.560.810.150.67
IndonesiaIDX 2214863.6457.140.860.210.64
ThailandSET 2815653.5740.000.800.200.60
ChileBCS 69422160.8750.000.930.380.55
Poland GPW 1711764.7163.640.820.270.55
MalaysiaBURSA 2713548.1538.460.690.150.54
UKLSE 29161055.1762.500.630.130.50
ChinaSSE 2615957.6960.000.670.200.47
PhilippinesPSE 2515860.0053.330.800.330.47
USFOREX 77371848.0548.650.570.160.41
RussiaMICEX 135438.4680.000.800.400.40
MexicoBMV 2717762.9641.180.710.350.35
SingaporeSGX 27151055.5666.670.330.070.27
CanadaTSX 2919965.5247.370.470.210.26
Vietnam HOSE 10855350.600.550.110.010.10
RussiaMICEX 6563252.130.580.080.010.07
Vietnam HOSE 47291461.7048.280.340.280.07
The World 1159381854109257.201.650.080.020.06
BrazilBOVESPA 32231171.8847.830.700.650.04
IsraelTASE 16472253.130.230.030.000.03
KuwaitKSE 2413152.700.790.040.010.03
USPREFERRED 7381156.100.240.010.000.01
IndiaNSE 14242154.710.130.010.000.01
SwedenSTOCKHOLM 37685353.180.150.010.000.01
UAEUAE 1041159.621.610.010.000.01
ChinaSSE 32901158.630.050.000.000.00
IndiaBSE 30313253.380.120.000.000.00
ItalyBORSA 27651165.140.060.000.000.00
FrancePARIS 25291156.700.070.000.000.00
GermanyXETRA 38892166.620.040.000.000.00
UKLSE 55601148.420.040.000.000.00
NorwayOSE 7870056.160.000.000.000.00
NetherlandsAMSTERDAM 6770066.170.000.000.000.00
PhilippinesPSE 5470047.530.000.000.000.00
Saudi ArabiaTADAWUL 5980055.180.000.000.000.00
QatarQE 1290053.490.000.000.000.00
MalaysiaBURSA 9620050.000.000.000.000.00
MexicoBMV 5910060.910.000.000.000.00
UAEUAE 73341546.5844.120.380.380.00
EgyptEGX 3020044.370.000.000.000.00
JordanASE 440050.000.000.000.000.00
South KoreaKOSDAQ 29260051.880.000.000.000.00
South KoreaKRX 30570051.950.000.000.000.00
JapanFUKUOKA 170035.290.000.000.000.00
IndonesiaIDX 10740047.300.000.000.000.00
BelgiumBRUSSELS 2330054.080.000.000.000.00
ArgentinaBUE 5450058.720.000.000.000.00
Austria WIENERBORSE 1630066.870.000.000.000.00
SwitzerlandSIX 10710060.600.000.000.000.00
BrazilBOVESPA 17470054.890.000.000.000.00
CanadaCSE 3770047.750.000.000.000.00
CanadaTSX-V 9280052.800.000.000.000.00
SpainIBEX 2740054.380.000.000.000.00
Hong KongHKEX 38440052.210.000.000.000.00
Greece ATHENS 2380055.460.000.000.000.00
ChinaSZSE 39470056.630.000.000.000.00
ChileBCS 2240046.430.000.000.000.00
DenmarkCOPENHAGEN 3340053.590.000.000.000.00
PakistanKSE 3980050.750.000.000.000.00
Poland GPW 22700046.520.000.000.000.00
PortugalLISBON 750057.330.000.000.000.00
TaiwanGTSM 22190048.940.000.000.000.00
TaiwanTWSE 25150053.720.000.000.000.00
ThailandSET 8240051.580.000.000.000.00
SingaporeSGX 2200050.450.000.000.000.00
Vietnam HNX 3900047.440.000.000.000.00
USWARRANTS 1650046.060.000.000.000.00
TurkeyBIST 7870057.050.000.000.000.00
USOTC PINK 44670055.850.000.000.000.00
CanadaTSX 33881060.240.000.000.000.00
JapanTOKYO 84043157.520.020.000.000.00
USNYSE 76702062.150.000.000.000.00
USNASDAQ 65873059.030.000.000.000.00
AustraliaASX 23283054.940.000.000.000.00
USAMEX 11832061.710.000.000.01-0.01
BangladeshDSE 3541048.870.000.000.01-0.01
JapanNAGOYA 991060.610.000.000.01-0.01
South KoreaKOSDAQ 1811561.1145.450.090.27-0.18
TurkeyBIST 138261.5425.000.250.50-0.25
AustraliaASX 2616861.5450.000.130.56-0.44
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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