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 2021045951.4956.739.851.148.70
OmanMSM 42250.00100.008.000.008.00
CanadaCSE 122572746.7247.3711.194.466.74
The World 60833349051842957.4052.776.751.125.63
JordanASE 36171147.2264.715.530.884.65
IndonesiaIDX 44220810247.0649.045.221.024.20
BangladeshDSE 2181075349.0849.535.301.294.01
USOTC PINK 2225120655854.2946.197.553.593.96
TurkeyBIST 48427015055.7955.564.661.043.63
JapanNAGOYA 59331955.9357.584.120.763.36
USOTCBB 106460.0066.674.000.673.33
South KoreaKOSDAQ 172589349651.7755.544.290.963.33
CanadaTSX-V 4082148252.4538.326.703.403.30
ArgentinaBUE 2161226656.9453.664.581.443.14
ChileBCS 122553545.0863.643.330.362.96
Vietnam HNX 163804849.0860.004.261.312.95
Austria WIENERBORSE 66412262.1253.663.680.802.88
SwedenSTOCKHOLM 179496947854.0149.334.351.492.86
Greece ATHENS 104573054.8152.633.881.092.79
IndiaNSE 84749924659.0349.203.991.222.77
UKLSE 3370160193847.5158.593.690.952.73
PortugalLISBON 48281658.3357.143.610.892.71
EgyptEGX 172974956.4050.523.821.252.58
PhilippinesPSE 3141607850.9648.753.611.082.53
IsraelTASE 63332618351.5056.133.440.942.50
Hong KongHKEX 2388122355251.3844.993.951.462.49
IndiaBSE 161491845056.8849.024.051.612.44
SingaporeSGX 140794656.4358.233.290.902.39
Poland GPW 116752225844.8249.333.571.272.30
Vietnam HOSE 56626114046.1153.643.411.112.30
DenmarkCOPENHAGEN 1811015955.8058.423.110.862.25
USNASDAQ 33781991106859.0053.593.651.432.22
TaiwanGTSM 122262130350.8248.793.200.992.21
JapanTOKYO 46912813153559.9754.573.130.962.16
USAMEX 44827615461.6155.803.291.132.16
ArgentinaBUE 1210683.3360.002.400.302.10
FrancePARIS 145981045355.5255.932.850.782.07
BrazilBOVESPA 47627312757.3546.523.111.121.99
CanadaTSX 1894116664661.5655.402.760.801.95
TaiwanTWSE 135169036751.0753.192.600.691.90
ThailandSET 3701707545.9544.122.840.991.85
TaiwanGTSM 74357.1475.002.000.251.75
South KoreaKRX 2033107155952.6852.192.430.761.66
ItalyBORSA 140290545864.5550.612.630.971.66
MalaysiaBURSA 52324510946.8544.492.991.411.58
RussiaMICEX 38320210353.0050.742.360.831.53
SwitzerlandSIX 42150.0050.001.500.001.50
AustraliaASX 100558927458.6146.523.201.701.50
Greece ATHENS 17121070.5983.331.580.171.42
Austria WIENERBORSE 15121080.0083.331.580.171.42
Poland GPW 115345.4560.001.600.201.40
KuwaitKSE 77361946.7552.782.471.081.39
Saudi ArabiaTADAWUL 3051669354.4356.022.100.731.37
SpainIBEX 1801115861.6752.252.541.181.36
ChinaSZSE 2957177985260.1647.892.541.201.34
USNYSE 47883124172165.2555.092.210.871.33
ItalyBORSA 16131081.2576.921.460.151.31
FrancePARIS 16131081.2576.921.460.151.31
GermanyXETRA 1627111261368.4155.082.060.781.28
BelgiumBRUSSELS 173976056.0761.861.770.551.23
UAEUAE 57331957.8957.581.760.581.18
PortugalLISBON 16121075.0083.331.330.171.17
IsraelTASE 127558.3371.431.290.141.14
NorwayOSE 127658.3385.711.290.141.14
GermanyXETRA 1512980.0075.001.250.171.08
BelgiumBRUSSELS 1512980.0075.001.250.171.08
NetherlandsAMSTERDAM 1512980.0075.001.250.171.08
JapanTOKYO 2313956.5269.231.150.081.08
SpainIBEX 17131076.4776.921.230.151.08
MexicoBMV 2371396758.6548.201.940.911.04
UKLSE 136546.1583.331.000.001.00
USWARRANTS 52140.0050.002.501.501.00
SwitzerlandSIX 54333718262.0654.011.660.661.00
IndiaNSE 85462.5080.001.000.001.00
PakistanKSE 33221166.6750.001.230.270.95
ChinaSSE 2145130463660.7948.772.121.180.94
Hong KongHKEX 2113861.9061.541.080.150.92
MalaysiaBURSA 168350.0037.500.880.130.75
NetherlandsAMSTERDAM 37824213564.0255.791.360.620.73
MexicoBMV 1711664.7154.551.000.270.73
DenmarkCOPENHAGEN 22161272.7375.000.810.130.69
IndonesiaIDX 136346.1550.001.000.330.67
FOREXFOREX 2112857.1466.670.830.170.67
SingaporeSGX 168750.0087.500.630.000.63
CanadaTSX 1713776.4753.850.620.000.62
SwedenSTOCKHOLM 2010550.0050.000.900.300.60
BrazilBOVESPA 1210683.3360.001.100.500.60
USPREFERRED 48426212754.1348.470.830.360.47
NorwayOSE 3291747752.8944.252.131.680.45
USFOREX 45281462.2250.000.570.140.43
ChinaSSE 1610662.5060.000.700.300.40
RussiaMICEX 115445.4580.000.800.400.40
ChileBCS 2516764.0043.750.440.130.31
Vietnam HOSE 26171065.3858.820.410.180.24
QatarQE 67361753.7347.221.391.220.17
ThailandSET 124133.3325.000.250.250.00
PhilippinesPSE 115145.4520.000.800.800.00
UAEUAE 3821855.2638.100.380.380.00
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 92022.220.000.001.50-1.50
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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