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 2331114948.5043.3616.064.5311.53
FOREXFOREX 30211370.0061.905.480.105.38
Poland GPW 182887045347.5952.075.981.224.76
TurkeyBIST 68839322157.1256.235.601.084.52
The World 99135574923074358.0253.455.571.124.45
USOTC PINK 3650201993755.3446.398.013.604.42
JordanASE 45271460.0051.854.480.853.63
SwedenSTOCKHOLM 3089168685854.7450.745.101.483.62
South KoreaKOSDAQ 2575133374651.8155.924.560.993.58
OmanMSM 152213.33100.003.500.003.50
EgyptEGX 2771407550.5453.574.741.263.48
Greece ATHENS 173955054.9152.634.541.083.45
ArgentinaBUE 37221211956.9956.135.171.723.45
UKLSE 49942394141947.9659.254.320.913.41
MexicoBMV 38722213157.3659.014.130.773.36
USOTCBB 106460.0066.674.000.673.33
PakistanKSE 31518210257.7856.044.491.243.26
IndonesiaIDX 78736817346.7647.014.591.373.22
IndiaBSE 2644146473555.3750.204.711.583.13
USAMEX 76546925661.3154.584.341.223.12
BangladeshDSE 3421718150.0047.374.491.473.02
IsraelTASE 108859232954.6055.393.900.952.94
USNASDAQ 52533186171360.7153.724.381.472.90
FrancePARIS 2227126172056.6257.103.560.772.79
IndiaNSE 129475236558.1148.544.071.332.74
Hong KongHKEX 3641191188852.4946.474.261.552.72
DenmarkCOPENHAGEN 2931549252.5659.743.660.992.68
MalaysiaBURSA 81238717947.6646.253.991.482.51
NorwayOSE 60933016154.1948.793.921.432.49
Austria WIENERBORSE 81523164.2059.623.441.122.33
Vietnam HOSE 91041922346.0453.223.291.012.28
ArgentinaBUE 1813972.2269.232.460.232.23
TaiwanGTSM 2015100349249.7849.053.200.982.22
ThailandSET 63629113245.7545.363.281.102.18
South KoreaKRX 2771142877151.5353.992.930.792.15
PhilippinesPSE 53026313249.6250.193.231.112.12
PortugalLISBON 72382052.7852.633.000.892.11
CanadaTSX 29121810100062.1655.252.970.942.04
JapanTOKYO 76794500238858.6053.073.051.061.99
TaiwanTWSE 2219119565353.8554.642.690.701.99
JapanNAGOYA 85482256.4745.832.961.001.96
Saudi ArabiaTADAWUL 49626716253.8360.672.540.611.92
RussiaMICEX 59532716854.9651.382.680.831.85
Vietnam HNX 2221105849.5552.733.761.921.85
AustraliaASX 172497948256.7949.233.371.581.79
SwitzerlandSIX 85052329661.5356.602.360.601.76
UAEUAE 76442657.8959.092.590.841.75
BrazilBOVESPA 99354425154.8846.062.881.201.68
GermanyXETRA 28101914106768.1555.722.370.721.65
ChileBCS 195854343.5950.592.360.731.64
ChinaSZSE 43332570124659.3148.482.781.181.60
ItalyBORSA 2204141674664.3852.572.370.821.56
USNYSE 66134325243365.4556.222.410.881.52
TaiwanGTSM 137553.8571.431.430.141.29
IsraelTASE 1911657.8954.551.360.091.27
ChinaSSE 3306197099959.5950.712.341.071.27
Hong KongHKEX 29181162.0761.111.330.111.22
Austria WIENERBORSE 20141270.0085.711.360.141.21
SpainIBEX 2721638659.9352.762.251.061.20
ItalyBORSA 23151265.2280.001.270.131.13
FrancePARIS 23151265.2280.001.270.131.13
USPREFERRED 66437419856.3352.941.500.391.12
NetherlandsAMSTERDAM 58638021764.8557.111.660.581.08
PakistanKSE 44261359.0950.001.380.311.08
Greece ATHENS 23151265.2280.001.270.201.07
SingaporeSGX 2081115453.3748.652.111.111.00
IndiaNSE 155433.3380.001.000.001.00
BelgiumBRUSSELS 2481468758.8759.591.590.640.95
JapanTOKYO 31201364.5265.001.000.050.95
QatarQE 111582752.2546.552.121.190.93
GermanyXETRA 22141163.6478.571.070.140.93
BelgiumBRUSSELS 22141163.6478.571.070.140.93
NetherlandsAMSTERDAM 22141163.6478.571.070.140.93
IndonesiaIDX 1711764.7163.641.090.180.91
CanadaTSX-V 64834313152.9338.194.643.750.89
PortugalLISBON 22151268.1880.001.070.200.87
SwedenSTOCKHOLM 2212654.5550.001.170.330.83
NorwayOSE 1510766.6770.000.900.100.80
SpainIBEX 26191373.0868.420.840.110.74
DenmarkCOPENHAGEN 26171365.3876.470.760.120.65
MalaysiaBURSA 2111452.3836.360.730.090.64
UKLSE 1910652.6360.000.800.200.60
MexicoBMV 2214763.6450.000.860.290.57
SingaporeSGX 179752.9477.780.560.000.56
Poland GPW 1711764.7163.640.820.270.55
KuwaitKSE 158763048.1039.472.161.620.54
SwitzerlandSIX 86375.0050.000.830.330.50
ChinaSSE 2012760.0058.330.750.250.50
RussiaMICEX 125441.6780.000.800.400.40
USFOREX 58321555.1746.880.500.190.31
CanadaTSX 2417870.8347.060.470.180.29
BrazilBOVESPA 2317873.9147.060.760.530.24
ThailandSET 2110447.6240.000.400.200.20
ChileBCS 4222852.3836.360.450.320.14
UAEUAE 54281351.8546.430.430.320.11
Vietnam HOSE 34221264.7154.550.320.320.00
PhilippinesPSE 156240.0033.330.670.670.00
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 179552.9455.560.220.56-0.33
JapanFUKUOKA 133123.0833.330.331.00-0.67
USWARRANTS 137353.8542.864.867.00-2.14
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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