BULLISH INVERTED 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 INVERTED HAMMER
Definition
This pattern consists of a black body followed by an Inverted Hammer that is characterized by a long upper shadow and a small body. It is similar in shape to the Bearish Shooting Star but unlike the Shooting Star, the Inverted Hammer appears in a downtrend and signals a bullish reversal.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. The first day of the pattern is a black candlestick.
3. On the second day, a small body at the lower end of the trading range is observed. Color of this body is not important.
4. The upper shadow of this second candlestick should be at least twice as long as the body.
5. There is (almost) no lower shadow.
Pattern Requirements and Flexibility
The body of the Inverted Hammer should be small. The upper shadow should be at least twice as long as the body but not shorter than an average candlestick length. It is desired that there is no or a very tiny lower shadow. The bottom of the inverted hammer should be lower than the preceding candlestick’s body.
Trader’s Behavior
The pattern occurs in a bearish background and the black candlestick that appears on the first day further supports the bearishness. On the second day, in which an Inverted Hammer is seen, market opens at or near its low. Then prices change direction and we see a rally. However, the bulls do not succeed in sustaining the rally during the rest of the day and prices finally close either at or near the low of the day. It may not be clear why this type of price action is interpreted as a potential reversal signal. The answer has to do with what happens over the next day. If the next day opens above the body of the Inverted Hammer, it means that those who shorted at the opening or closing of the Inverted Hammer day are losing money. The longer the market holds above the Inverted Hammer’s body, the more likely these shorts will attempt to cover their positions. This may ignite a rally as a result of covered short positions, which may then inspire the bottom pickers to take long positions.
Buy/Stop Loss Levels
The confirmation level is defined as the midpoint of the upper shadow of the inverted hammer. Prices should cross above this level for confirmation.

The stop loss level is defined as the lower of the last two lows. 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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
The World 82533404792060149.0850.867.421.196.23
JapanNAGOYA 4220947.6245.005.550.405.15
USWARRANTS 1910452.6340.006.401.904.50
ArgentinaBUE 130624247.6967.745.100.744.35
PortugalLISBON 217633.3385.714.290.144.14
ChinaSSE 165188148253.3654.715.061.203.87
USOTC PINK 2880156266854.4442.607.063.243.82
EgyptEGX 2191135651.6049.565.141.433.71
IndiaBSE 74653507174346.9949.695.331.713.62
ChinaSZSE 2824146883251.9856.684.931.423.51
South KoreaKOSDAQ 3312157183847.4953.274.701.223.48
PakistanKSE 81137518746.2449.874.921.473.45
IndiaNSE 4394187492942.6749.554.791.433.36
IndonesiaIDX 48221110243.7848.344.361.193.17
BrazilBOVESPA 62428615645.8354.553.920.903.02
Greece ATHENS 185427.7880.003.200.203.00
Austria WIENERBORSE 175429.4180.003.200.203.00
Hong KongHKEX 212197249145.8350.514.321.342.98
UAEUAE 75391752.0043.594.001.032.97
DenmarkCOPENHAGEN 194421.05100.002.500.002.50
SpainIBEX 257528.0071.432.860.432.43
Vietnam HNX 103502948.5458.003.681.342.34
USAMEX 85343020350.4147.214.051.722.33
SwedenSTOCKHOLM 114656627849.3949.123.521.212.31
ItalyBORSA 207535.0071.432.570.292.29
NetherlandsAMSTERDAM 217533.3371.432.570.292.29
BelgiumBRUSSELS 217533.3371.432.570.292.29
GermanyXETRA 207535.0071.432.570.292.29
FrancePARIS 207535.0071.432.570.292.29
UKLSE 3613936.1169.232.540.312.23
Vietnam HOSE 64329113245.2645.363.291.112.18
USNASDAQ 58222769138147.6649.773.571.402.17
Poland GPW 56528613250.9745.833.371.202.17
IsraelTASE 67034919052.0954.443.171.012.16
South KoreaKRX 2476117058947.2550.343.140.992.15
RussiaMICEX 2641196745.0856.302.920.842.08
TaiwanGTSM 192580339741.7149.443.040.982.07
JapanTOKYO 73653817207451.8454.322.960.942.02
TurkeyBIST 135338.4660.002.000.002.00
ThailandSET 76228313937.1449.122.921.021.89
TaiwanTWSE 2231100350244.9650.052.750.861.89
MexicoBMV 2601457955.7754.482.911.031.88
AustraliaASX 108155427251.2549.102.830.951.88
NorwayOSE 3361627448.5145.403.471.651.82
Greece ATHENS 120662855.0042.422.851.111.74
BangladeshDSE 93346819050.1640.603.011.291.72
FrancePARIS 155278540850.5851.972.530.821.70
Saudi ArabiaTADAWUL 3671669545.2357.232.440.771.67
ChileBCS 2212954.5575.001.830.171.67
PhilippinesPSE 3751396237.0744.602.681.041.65
MalaysiaBURSA 46319810442.7652.532.721.071.65
ChileBCS 88341938.6455.882.060.561.50
CanadaTSX 2068108554552.5150.182.410.931.48
SpainIBEX 3581618244.9750.932.410.941.47
USNYSE 60323186165552.8351.932.190.811.37
BrazilBOVESPA 2411845.8372.731.820.451.36
ArgentinaBUE 196231.5833.331.670.331.33
PortugalLISBON 72341647.2247.062.591.291.29
TurkeyBIST 5051968738.8144.392.130.891.24
SingaporeSGX 2451065143.2748.112.190.971.22
Hong KongHKEX 125441.6780.001.200.001.20
Austria WIENERBORSE 100532753.0050.941.810.681.13
UKLSE 3967197896549.8648.792.141.041.10
JapanFUKUOKA 1411478.5736.361.550.451.09
RussiaMICEX 1311584.6245.451.270.181.09
MexicoBMV 2913944.8369.231.230.151.08
GermanyXETRA 1844102150155.4848.971.970.891.07
AustraliaASX 32221568.7568.181.270.231.05
ItalyBORSA 160883040551.6248.802.010.981.03
CanadaTSX 158553.3362.501.250.251.00
NetherlandsAMSTERDAM 39421610354.8247.691.900.910.99
QatarQE 139552739.5749.091.820.850.96
Vietnam HOSE 23131056.5276.921.000.080.92
PakistanKSE 2211550.0045.451.180.270.91
SwitzerlandSIX 74342419557.0745.991.550.640.90
DenmarkCOPENHAGEN 2381224951.2640.162.311.430.89
IsraelTASE 228636.3675.000.880.000.88
UAEUAE 186233.3333.331.670.830.83
BelgiumBRUSSELS 3071627252.7744.441.570.770.81
IndonesiaIDX 169656.2566.670.890.110.78
Poland GPW 174223.5350.000.750.000.75
CanadaTSX-V 2411134446.8938.944.123.420.70
TaiwanGTSM 228436.3650.000.750.130.63
JapanTOKYO 165331.2560.000.600.000.60
FOREXFOREX 1710558.8250.000.800.200.60
SwitzerlandSIX 209645.0066.670.670.110.56
IndiaNSE 2611842.3172.730.730.180.55
USOTCBB 42150.0050.003.002.500.50
MalaysiaBURSA 25181372.0072.220.720.220.50
SingaporeSGX 2611642.3154.550.450.000.45
PhilippinesPSE 3418952.9450.000.720.280.44
ThailandSET 2410541.6750.000.900.500.40
South KoreaKOSDAQ 3316848.4850.000.560.190.38
NorwayOSE 1911557.8945.450.550.180.36
USPREFERRED 78640218451.1545.770.610.360.26
KuwaitKSE 48241350.0054.172.672.460.21
USFOREX 2611442.3136.360.360.180.18
BangladeshDSE 21141066.6771.430.290.290.00
ChinaSSE 186233.3333.330.330.330.00
JordanASE 3012540.0041.671.251.250.00
SwedenSTOCKHOLM 1910652.6360.000.200.30-0.10
OmanMSM 32066.670.000.001.00-1.00
CanadaCSE 4518640.0033.334.116.22-2.11
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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