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 67812339681959750.1157.678.790.907.89
USOTC PINK 2327129465055.6550.198.882.376.51
JapanNAGOYA 4019847.5042.116.000.325.68
ChinaSSE 117364642655.2465.746.440.855.58
ChinaSZSE 2098114075254.3465.966.181.015.17
EgyptEGX 181945051.9353.196.291.175.12
IndiaBSE 62632959171247.2557.866.141.234.91
USWARRANTS 2111552.3845.457.452.554.91
PakistanKSE 67531718946.9659.625.761.034.74
South KoreaKOSDAQ 2670131580049.4860.565.550.844.72
IndiaNSE 3598157691143.8057.805.591.004.59
PortugalLISBON 207635.0085.714.290.144.14
ArgentinaBUE 97513452.5866.674.350.613.75
Hong KongHKEX 176781044645.8455.064.761.103.66
IndonesiaIDX 4121819643.9353.044.641.033.61
BrazilBOVESPA 51423214845.1463.794.070.633.45
USAMEX 73137420051.1653.484.501.283.22
NorwayOSE 2721387650.7455.074.511.333.19
USNASDAQ 47262321132449.1157.044.111.013.11
UAEUAE 133223.0866.673.330.333.00
Greece ATHENS 175429.4180.003.200.203.00
Austria WIENERBORSE 165431.2580.003.200.203.00
SwedenSTOCKHOLM 90446325651.3355.173.961.012.95
Greece ATHENS 91512856.0454.903.800.882.92
RussiaMICEX 205935645.3760.223.540.622.91
Vietnam HOSE 51122912344.8153.713.760.922.83
IsraelTASE 54528718152.6663.073.590.772.82
South KoreaKRX 197295756248.5358.733.500.702.80
Poland GPW 49725814151.9154.653.590.882.71
TaiwanGTSM 161267638641.9457.103.410.742.67
AustraliaASX 89246325951.9155.943.310.652.66
UAEUAE 62321551.6146.883.250.632.63
JapanTOKYO 58953181188553.9659.263.370.762.61
UKLSE 3211734.3863.642.910.362.55
DenmarkCOPENHAGEN 154426.67100.002.500.002.50
TurkeyBIST 114336.3675.002.500.002.50
SpainIBEX 247529.1771.432.860.432.43
Saudi ArabiaTADAWUL 3011309143.1970.002.850.512.35
PhilippinesPSE 3081085935.0654.633.030.702.32
SpainIBEX 2721278046.6962.992.850.532.32
NetherlandsAMSTERDAM 207535.0071.432.570.292.29
ItalyBORSA 197536.8471.432.570.292.29
BelgiumBRUSSELS 207535.0071.432.570.292.29
GermanyXETRA 197536.8471.432.570.292.29
FrancePARIS 197536.8471.432.570.292.29
TaiwanTWSE 186384846645.5254.952.960.682.28
BangladeshDSE 77539118050.4546.043.311.052.26
MexicoBMV 2301297156.5254.623.130.872.26
CanadaTSX-V 2091024548.8044.125.092.932.16
FrancePARIS 128467839052.8057.522.830.672.16
MalaysiaBURSA 38417710446.0958.762.950.872.08
CanadaTSX 175192652052.8856.162.750.732.02
ThailandSET 65724812637.7550.812.910.951.96
USNYSE 49922674158853.5759.392.560.621.94
ChileBCS 75311841.3358.062.320.391.94
ChileBCS 1910852.6380.002.000.201.80
DenmarkCOPENHAGEN 1981014851.0147.522.730.981.75
UKLSE 3286163191549.6356.102.560.811.75
ItalyBORSA 134870739852.6056.142.440.771.68
JapanFUKUOKA 96366.6750.002.000.331.67
NetherlandsAMSTERDAM 33518810156.1253.722.340.701.64
GermanyXETRA 153888348657.4155.042.320.721.59
BelgiumBRUSSELS 2601377552.6954.741.960.521.45
SingaporeSGX 212994946.7049.492.200.811.39
BrazilBOVESPA 2011855.0072.731.820.451.36
Vietnam HNX 94482551.0652.083.041.691.35
QatarQE 121482339.6747.922.080.751.33
ArgentinaBUE 196231.5833.331.670.331.33
AustraliaASX 23161269.5775.001.560.251.31
TurkeyBIST 4231668339.2450.002.100.831.27
Hong KongHKEX 104340.0075.001.250.001.25
Austria WIENERBORSE 73402354.7957.501.630.431.20
IsraelTASE 195526.32100.001.200.001.20
PortugalLISBON 59301350.8543.332.301.131.17
SwitzerlandSIX 60835618058.5550.561.740.581.17
RussiaMICEX 1211591.6745.451.270.181.09
MexicoBMV 2312852.1766.671.250.171.08
IndonesiaIDX 136546.1583.331.000.001.00
CanadaTSX 158553.3362.501.250.251.00
FOREXFOREX 158653.3375.001.000.001.00
Vietnam HOSE 2111852.3872.731.000.090.91
PhilippinesPSE 2112857.1466.671.000.170.83
Poland GPW 144228.5750.000.750.000.75
TaiwanGTSM 196331.5850.000.830.170.67
ThailandSET 188544.4462.501.130.500.63
JapanTOKYO 165331.2560.000.600.000.60
South KoreaKOSDAQ 2512648.0050.000.750.170.58
PakistanKSE 1910452.6340.000.800.300.50
USOTCBB 42150.0050.003.002.500.50
SingaporeSGX 2211650.0054.550.450.000.45
MalaysiaBURSA 22161172.7368.750.690.250.44
USPREFERRED 67836718754.1350.950.700.310.39
SwitzerlandSIX 178547.0662.500.500.130.38
NorwayOSE 1811561.1145.450.550.180.36
USFOREX 219442.8644.440.440.110.33
IndiaNSE 2310743.4870.000.400.200.20
KuwaitKSE 3618850.0044.442.832.720.11
BangladeshDSE 20141070.0071.430.290.290.00
ChinaSSE 146242.8633.330.330.330.00
SwedenSTOCKHOLM 104240.0050.000.000.25-0.25
JordanASE 279233.3322.220.781.44-0.67
OmanMSM 32066.670.000.001.00-1.00
CanadaCSE 2111352.3827.273.736.45-2.73
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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