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
USWARRANTS 52140.0050.0015.001.5013.50
OmanMSM 42250.00100.008.000.008.00
PakistanKSE 2261186652.2155.939.011.237.78
CanadaCSE 149642843.6243.089.453.885.57
The World 68915394232079357.2752.686.291.135.15
IndonesiaIDX 51524612347.7750.005.071.133.93
JordanASE 40201150.0055.004.700.903.80
BangladeshDSE 2481175847.1849.574.951.343.61
USOTC PINK 2566140164754.7546.057.063.583.48
USOTCBB 106460.0066.674.000.673.33
TurkeyBIST 56030916655.1853.724.421.113.31
South KoreaKOSDAQ 192799254051.4854.444.151.023.13
SwedenSTOCKHOLM 2103115058454.6850.784.561.473.09
JapanNAGOYA 61341755.7450.003.910.942.97
UKLSE 38101794107147.1459.633.830.912.92
Greece ATHENS 118613651.6959.023.931.052.89
EgyptEGX 1991055452.7651.433.981.252.73
Poland GPW 126657127945.2648.693.901.322.58
ChileBCS 137613544.5357.382.920.392.52
IndiaNSE 98657927258.8246.903.751.292.46
IndiaBSE 1920106351455.3648.354.071.632.45
PhilippinesPSE 3841949750.5250.003.451.052.41
Vietnam HOSE 63529316346.1455.633.421.032.39
ArgentinaBUE 1611768.7563.642.640.272.36
Vietnam HNX 174814646.5556.793.831.492.33
IsraelTASE 72037521252.0856.533.260.932.33
Austria WIENERBORSE 86502558.1450.003.260.942.32
USAMEX 54433218661.0356.023.361.092.27
Hong KongHKEX 2660138261052.1843.953.761.532.23
PortugalLISBON 59321754.2453.133.190.972.22
BrazilBOVESPA 56232516358.0150.003.150.972.18
ArgentinaBUE 2361327257.6352.944.382.212.16
USNASDAQ 38322284122759.9753.393.571.452.12
CanadaTSX-V 4362298552.5237.125.633.522.10
TaiwanGTSM 142372735751.0949.113.000.982.02
JapanTOKYO 54533272174860.0053.423.021.031.99
DenmarkCOPENHAGEN 1981096155.0555.962.830.901.93
FrancePARIS 164190050354.9755.762.690.781.91
MalaysiaBURSA 57626912246.7045.353.111.221.89
CanadaTSX 2186135073861.7654.672.680.811.87
TaiwanTWSE 156981644152.0154.042.480.681.80
SingaporeSGX 158884855.7054.552.630.841.78
TaiwanGTSM 84350.0075.002.000.251.75
ThailandSET 4332008846.1944.002.710.981.73
ItalyBORSA 1555100751864.8251.392.650.941.71
South KoreaKRX 2321120861852.0551.162.370.791.58
RussiaMICEX 43423411654.1549.362.330.831.51
SwitzerlandSIX 42150.0050.001.500.001.50
MexicoBMV 2621528058.0252.632.290.851.44
SpainIBEX 2031266762.0753.172.511.111.40
AustraliaASX 113966131658.0347.813.021.631.39
GermanyXETRA 1870127573068.2457.212.140.761.38
ChinaSZSE 3234191890559.3147.182.551.211.34
Austria WIENERBORSE 16131181.2584.621.460.151.31
Greece ATHENS 18131172.2284.621.460.151.31
USNYSE 54403517193164.6954.872.160.901.26
PakistanKSE 34231267.6552.171.480.261.22
ItalyBORSA 18141177.7878.571.360.141.21
FrancePARIS 18141177.7878.571.360.141.21
Saudi ArabiaTADAWUL 36418610151.1054.302.000.801.20
JapanTOKYO 27161159.2668.751.250.061.19
BelgiumBRUSSELS 1831056557.3861.901.750.591.16
UKLSE 157646.6785.711.140.001.14
NorwayOSE 127658.3385.711.290.141.14
IsraelTASE 127558.3371.431.290.141.14
SwitzerlandSIX 61839021563.1155.131.770.631.14
PortugalLISBON 17131176.4784.621.230.151.08
NorwayOSE 3962109753.0346.192.591.541.05
NetherlandsAMSTERDAM 17131076.4776.921.150.151.00
IndiaNSE 95455.5680.001.000.001.00
GermanyXETRA 17131076.4776.921.150.151.00
SpainIBEX 18141177.7878.571.140.141.00
BelgiumBRUSSELS 17131076.4776.921.150.151.00
SwedenSTOCKHOLM 2010550.0050.001.300.301.00
ChinaSSE 2349140168459.6448.822.161.180.98
FOREXFOREX 2314960.8764.291.070.140.93
NetherlandsAMSTERDAM 41727116064.9959.041.500.610.90
Hong KongHKEX 2214863.6457.141.000.140.86
MexicoBMV 1911657.8954.551.000.270.73
UAEUAE 61331854.1054.551.640.940.70
MalaysiaBURSA 179352.9433.330.780.110.67
DenmarkCOPENHAGEN 24171370.8376.470.760.120.65
SingaporeSGX 168750.0087.500.630.000.63
IndonesiaIDX 148457.1450.000.880.250.63
Poland GPW 1610662.5060.000.900.300.60
CanadaTSX 1814877.7857.140.570.000.57
BrazilBOVESPA 1712770.5958.331.000.500.50
USPREFERRED 51728814255.7149.310.840.350.49
KuwaitKSE 93381740.8644.741.631.180.45
RussiaMICEX 125441.6780.000.800.400.40
ChinaSSE 1610662.5060.000.700.300.40
USFOREX 51291456.8648.280.550.170.38
ChileBCS 2716759.2643.750.440.130.31
TurkeyBIST 54280.0050.000.500.250.25
BangladeshDSE 154126.6725.000.750.500.25
QatarQE 75391852.0046.151.441.230.21
Vietnam HOSE 29201168.9755.000.400.250.15
PhilippinesPSE 115145.4520.000.800.800.00
ThailandSET 146242.8633.330.170.170.00
UAEUAE 4223854.7634.780.350.39-0.04
AustraliaASX 115345.4560.000.000.20-0.20
South KoreaKOSDAQ 74257.1450.000.000.25-0.25
JapanFUKUOKA 102020.000.000.001.50-1.50
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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