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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 98388.8937.5028.503.1325.38
CanadaCSE 191894046.6044.949.024.524.51
The World 99371564652975756.8552.685.491.174.32
ArgentinaBUE 34920211557.8856.936.021.844.18
South KoreaKOSDAQ 2782142578551.2255.094.861.073.79
EgyptEGX 2961417547.6453.194.881.263.62
Poland GPW 186886243246.1550.124.881.263.62
Greece ATHENS 172965355.8155.214.711.093.61
OmanMSM 152213.33100.003.500.003.50
PakistanKSE 34619110755.2056.024.801.323.47
TurkeyBIST 78345325657.8556.514.521.093.43
SwedenSTOCKHOLM 2991161581154.0050.224.911.523.39
JordanASE 55291452.7348.284.310.973.34
USOTCBB 106460.0066.674.000.673.33
USOTC PINK 3824207493454.8644.526.573.453.12
IndonesiaIDX 79436417845.8448.904.321.233.09
BangladeshDSE 3871829447.0351.654.481.403.08
IndiaNSE 148583742056.3650.184.411.343.07
Hong KongHKEX 4132211899651.2647.034.511.582.93
UKLSE 53442482142946.4457.573.841.032.80
USNASDAQ 55343312177759.8553.654.051.422.63
IsraelTASE 109260835255.6857.893.570.982.59
IndiaBSE 2940158777353.9848.714.301.752.56
MexicoBMV 42925114558.5157.773.150.812.33
PhilippinesPSE 54026413248.8950.003.411.132.28
ArgentinaBUE 1813972.2269.232.460.232.23
NorwayOSE 64234916054.3645.853.881.672.20
DenmarkCOPENHAGEN 31117910157.5656.423.231.062.17
RussiaMICEX 64735918255.4950.703.120.952.16
MalaysiaBURSA 86441519848.0347.713.451.302.15
USAMEX 82449626360.1953.023.371.222.15
CanadaTSX-V 58830912152.5539.165.883.772.11
Vietnam HOSE 88541622247.0153.373.171.102.07
Austria WIENERBORSE 54352064.8157.143.141.142.00
JapanTOKYO 78194590247658.7053.943.021.032.00
South KoreaKRX 2978154383351.8153.992.790.791.99
ThailandSET 76334616145.3546.533.111.131.99
TaiwanGTSM 2204108352149.1448.112.971.041.93
BrazilBOVESPA 94852325055.1747.803.091.171.92
FrancePARIS 2467136174555.1754.742.680.791.89
Vietnam HNX 2481216148.7950.413.731.851.88
AustraliaASX 1763100848957.1848.513.361.541.81
TaiwanTWSE 2490133569753.6152.212.530.751.79
CanadaTSX 33402047110361.2953.882.680.901.78
SingaporeSGX 2261145550.4448.252.891.241.65
Saudi ArabiaTADAWUL 57230717553.6757.002.340.791.55
TaiwanGTSM 126550.0083.331.670.171.50
ChinaSZSE 43202622125360.6947.792.791.321.47
UAEUAE 90552961.1152.732.561.131.44
ItalyBORSA 2331145375162.3351.692.270.871.40
SpainIBEX 2891789561.5953.372.310.931.39
ChinaSSE 3230192596559.6050.132.551.181.38
GermanyXETRA 29151943105566.6654.302.120.761.37
Hong KongHKEX 27171162.9664.711.470.121.35
USNYSE 75364833266364.1355.102.210.901.31
PakistanKSE 36241366.6754.171.500.251.25
Austria WIENERBORSE 20141270.0085.711.360.141.21
SwitzerlandSIX 97459732161.2953.771.810.631.18
BelgiumBRUSSELS 2611559359.3960.001.780.611.17
ChileBCS 206995148.0651.521.800.641.16
UKLSE 157646.6785.711.140.001.14
ItalyBORSA 23151265.2280.001.270.131.13
FrancePARIS 23151265.2280.001.270.131.13
JapanNAGOYA 92532357.6143.402.231.131.09
Greece ATHENS 23151265.2280.001.270.201.07
IndiaNSE 135438.4680.001.000.001.00
JapanTOKYO 31201364.5265.001.000.050.95
BelgiumBRUSSELS 22141163.6478.571.070.140.93
GermanyXETRA 22141163.6478.571.070.140.93
NetherlandsAMSTERDAM 22141163.6478.571.070.140.93
IndonesiaIDX 1711764.7163.641.090.180.91
KuwaitKSE 133663049.6245.452.391.480.91
IsraelTASE 169556.2555.561.000.110.89
NetherlandsAMSTERDAM 60438121963.0857.481.470.590.88
PortugalLISBON 22151268.1880.001.070.200.87
QatarQE 119602550.4241.672.251.380.87
SwedenSTOCKHOLM 2212654.5550.001.170.330.83
NorwayOSE 1510766.6770.000.900.100.80
FOREXFOREX 27181166.6761.110.890.110.78
SpainIBEX 26191373.0868.420.840.110.74
USPREFERRED 70840720757.4950.861.160.420.73
PortugalLISBON 99542754.5550.001.701.040.67
DenmarkCOPENHAGEN 26171365.3876.470.760.120.65
MalaysiaBURSA 2010350.0030.000.700.100.60
MexicoBMV 2214763.6450.000.860.290.57
SingaporeSGX 179752.9477.780.560.000.56
ChinaSSE 1711764.7163.640.820.270.55
Poland GPW 1711764.7163.640.820.270.55
BrazilBOVESPA 2014770.0050.000.930.500.43
RussiaMICEX 125441.6780.000.800.400.40
SwitzerlandSIX 75271.4340.000.800.400.40
CanadaTSX 2216872.7350.000.500.130.38
USFOREX 57321556.1446.880.500.190.31
ThailandSET 199347.3733.330.440.220.22
UAEUAE 50271254.0044.440.480.330.15
ChileBCS 3822857.8936.360.450.320.14
Vietnam HOSE 33211263.6457.140.330.240.10
South KoreaKOSDAQ 105350.0060.000.200.200.00
JapanFUKUOKA 175329.4160.000.800.800.00
AustraliaASX 136446.1566.670.170.170.00
BangladeshDSE 154126.6725.000.500.500.00
PhilippinesPSE 136246.1533.330.670.670.00
TurkeyBIST 117263.6428.570.290.43-0.14
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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