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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 54280.0050.007.251.256.00
ArgentinaBUE 174754943.1065.336.730.875.87
The World 111735549372836849.1951.616.711.225.49
PortugalLISBON 217633.3385.714.290.144.14
ChinaSSE 2676143583453.6258.125.081.084.01
ChinaSZSE 43632303133152.7857.795.181.273.91
PakistanKSE 104246722944.8249.045.101.463.64
IndiaBSE 97634433215145.4148.525.281.783.50
South KoreaKOSDAQ 44142111112247.9453.024.691.193.50
JapanNAGOYA 68291242.6541.384.591.103.48
CanadaTSX-V 2861305845.4544.626.783.403.38
IndiaNSE 61692525124140.9349.154.841.493.35
TurkeyBIST 67027114340.4552.774.130.783.35
IsraelTASE 89044825250.3456.254.221.033.19
SwedenSTOCKHOLM 165982339749.6148.244.541.393.15
USOTC PINK 44582387101953.9742.356.243.233.02
Greece ATHENS 185427.7880.003.200.203.00
Austria WIENERBORSE 175429.4180.003.200.203.00
Poland GPW 71837018051.5348.654.191.232.96
EgyptEGX 3261696751.8439.644.441.542.89
IndonesiaIDX 71329813841.8046.314.281.412.86
USNASDAQ 77843749191548.1651.084.241.452.79
BrazilBOVESPA 82938721246.6854.783.861.062.79
UAEUAE 126703455.5648.573.811.042.77
USAMEX 127267634353.1450.744.091.392.71
CanadaCSE 99461746.4636.967.354.802.54
SpainIBEX 257528.0071.432.860.432.43
RussiaMICEX 39618610146.9754.303.260.882.38
Hong KongHKEX 2954136266946.1149.123.831.462.37
Greece ATHENS 1721045360.4750.963.611.262.35
GermanyXETRA 207535.0071.432.570.292.29
FrancePARIS 207535.0071.432.570.292.29
BelgiumBRUSSELS 217533.3371.432.570.292.29
NetherlandsAMSTERDAM 217533.3371.432.570.292.29
ItalyBORSA 207535.0071.432.570.292.29
South KoreaKRX 3510166085147.2951.273.230.952.27
AustraliaASX 142275237152.8849.343.401.192.21
NorwayOSE 46021710347.1747.473.601.422.18
QatarQE 189763840.2150.002.970.802.17
JapanTOKYO 99575130277551.5254.093.110.982.14
ThailandSET 100938617938.2646.373.291.162.13
TaiwanGTSM 2500106453542.5650.283.121.032.09
Vietnam HOSE 97043419244.7444.243.221.192.03
TaiwanTWSE 2986136770645.7851.652.880.862.02
DenmarkCOPENHAGEN 205525.00100.002.000.002.00
MalaysiaBURSA 61626113442.3751.342.921.021.91
KuwaitKSE 84351941.6754.293.942.061.89
SpainIBEX 46221211345.8953.302.790.921.87
ChileBCS 127462636.2256.522.350.501.85
Austria WIENERBORSE 1841015354.8952.482.780.941.84
FrancePARIS 2093108257351.7052.962.640.851.79
Vietnam HNX 130613146.9250.823.741.981.75
Saudi ArabiaTADAWUL 51023312945.6955.362.540.791.75
BangladeshDSE 129863227248.7742.973.001.251.75
CanadaTSX 2753143672752.1650.632.670.931.75
UKLSE 44191343.1868.422.110.371.74
USNYSE 76484034218252.7554.092.460.821.63
ItalyBORSA 2155116260553.9252.072.530.911.63
ChileBCS 25141056.0071.431.710.211.50
GermanyXETRA 2631153280158.2352.282.360.861.50
MexicoBMV 3732009953.6249.502.611.211.40
PhilippinesPSE 5091927937.7241.152.641.281.36
UKLSE 51342643135251.5851.062.300.971.33
ArgentinaBUE 216228.5733.331.670.331.33
NetherlandsAMSTERDAM 50227715055.1854.152.030.731.30
BrazilBOVESPA 2512948.0075.001.670.421.25
DenmarkCOPENHAGEN 3211757354.5241.712.581.371.21
PortugalLISBON 97452046.3944.442.491.291.20
JapanFUKUOKA 1811561.1145.451.360.181.18
SwitzerlandSIX 95355227757.9250.181.840.661.18
TurkeyBIST 2211550.0045.451.360.271.09
RussiaMICEX 1813772.2253.851.230.151.08
AustraliaASX 35231665.7169.571.260.221.04
BelgiumBRUSSELS 3962109853.0346.671.800.771.03
FOREXFOREX 2214863.6457.141.140.210.93
PakistanKSE 3013643.3346.151.150.230.92
Hong KongHKEX 136446.1566.671.000.170.83
MexicoBMV 41171141.4664.711.060.240.82
UAEUAE 2410441.6740.001.500.700.80
Vietnam HOSE 26141053.8571.430.930.140.79
South KoreaKOSDAQ 39181046.1555.560.830.170.67
ThailandSET 3312736.3658.331.080.420.67
CanadaTSX 2113961.9069.230.770.150.62
MalaysiaBURSA 29201468.9770.000.800.200.60
JapanTOKYO 175329.4160.000.600.000.60
SwitzerlandSIX 2110747.6270.000.700.100.60
PhilippinesPSE 42211250.0057.140.760.240.52
USOTCBB 42150.0050.003.002.500.50
Poland GPW 216328.5750.000.670.170.50
USPREFERRED 90146622851.7248.930.890.410.48
IndonesiaIDX 2915951.7260.000.800.330.47
USFOREX 3113541.9438.460.690.230.46
IndiaNSE 33151045.4566.670.600.200.40
TaiwanGTSM 2510540.0050.000.600.200.40
SingaporeSGX 3013643.3346.150.380.000.38
SingaporeSGX 2871215242.1642.981.551.170.38
JordanASE 3011536.6745.451.641.270.36
BangladeshDSE 71311743.6654.840.580.290.29
IsraelTASE 3115848.3953.330.530.270.27
NorwayOSE 2816757.1443.750.440.380.06
ChinaSSE 197236.8428.570.290.290.00
SwedenSTOCKHOLM 2111652.3854.550.180.36-0.18
OmanMSM 32066.670.000.001.00-1.00
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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