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 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
ArgentinaBUE 3013643.3346.1511.540.2311.31
CanadaCSE 210923843.8141.3011.993.848.14
TurkeyBIST 102846927345.6258.216.781.015.77
Vietnam HNX 181724239.7858.336.831.535.30
MexicoBMV 51127111953.0343.917.111.845.28
CanadaTSX-V 3831597841.5149.068.182.935.25
IndonesiaIDX 131250023338.1146.606.701.575.14
ArgentinaBUE 69538122656.2657.806.071.254.82
PakistanKSE 106148224245.4350.215.521.384.14
IndiaBSE 137656144307744.7149.995.561.554.01
Vietnam HOSE 125058134946.4860.074.840.943.90
IndiaNSE 68402866152141.9952.965.211.323.89
EgyptEGX 49923311146.6947.644.901.303.60
USOTC PINK 57382906124652.4441.416.242.863.37
TaiwanGTSM 2544112157944.3451.334.160.963.20
RussiaMICEX 53271550.9455.563.560.443.11
QatarQE 2561066041.4156.603.660.643.01
NorwayOSE 90742720147.0847.074.411.452.96
SwedenSTOCKHOLM 2429116056447.7648.624.531.612.92
South KoreaKOSDAQ 56652597131845.8450.754.181.302.88
MalaysiaBURSA 76331216240.8951.923.841.012.83
IsraelTASE 135669037550.9654.273.931.112.82
ChinaSZSE 82063976218548.4554.953.821.042.78
Saudi ArabiaTADAWUL 82335721043.3858.823.580.832.74
ChileBCS 177865048.5958.143.480.812.67
USNASDAQ 113145581274449.3949.114.361.692.67
ChinaSSE 65123189172948.9754.223.600.952.65
TaiwanTWSE 3220157986949.0455.033.390.792.60
ThailandSET 128450924539.6448.133.731.172.57
South KoreaKRX 42362079108149.1551.923.490.962.53
The World 155486757053914049.2851.083.681.182.50
Poland GPW 105553525850.9048.043.851.442.41
Hong KongHKEX 3054143069046.8248.253.891.532.36
PhilippinesPSE 56426012046.1046.153.371.122.25
Austria WIENERBORSE 2610738.4670.002.400.202.20
Greece ATHENS 2810735.7170.002.400.202.20
Austria WIENERBORSE 33718410854.6058.703.291.122.17
FrancePARIS 2535129967251.2451.733.150.992.16
BrazilBOVESPA 2105102552848.6951.513.211.082.13
UAEUAE 199894144.7246.073.091.002.09
PortugalLISBON 35151042.8666.672.530.472.07
JordanASE 166337.5050.002.830.772.06
BangladeshDSE 139360728243.5846.463.211.241.98
Greece ATHENS 31718310257.7355.743.071.111.96
USAMEX 1905108355656.8551.343.131.211.92
FrancePARIS 3012840.0066.672.170.251.92
ItalyBORSA 3012840.0066.672.170.251.92
GermanyXETRA 3012840.0066.672.170.251.92
CanadaTSX 3219167585552.0351.042.840.931.90
KuwaitKSE 203964647.2947.923.331.441.88
JapanTOKYO 115876059320052.2952.812.790.921.87
UKLSE 71043625184751.0750.912.861.051.81
JapanTOKYO 2610538.4650.002.000.201.80
AustraliaASX 1986103848052.2746.243.221.461.77
SpainIBEX 56626913147.5348.703.091.381.71
SpainIBEX 4314832.5657.142.000.361.64
UKLSE 70251735.7168.001.920.321.60
DenmarkCOPENHAGEN 4322219651.1643.443.071.501.57
ItalyBORSA 3001164183554.6850.882.410.851.56
USNYSE 105925643296353.2852.512.370.911.46
DenmarkCOPENHAGEN 3913933.3369.231.770.311.46
NetherlandsAMSTERDAM 3414841.1857.141.860.431.43
BelgiumBRUSSELS 3414841.1857.141.860.431.43
ChileBCS 37191551.3578.951.580.161.42
TurkeyBIST 2312652.1750.001.580.251.33
GermanyXETRA 46072626137857.0052.482.150.881.27
BelgiumBRUSSELS 3732038954.4243.842.451.191.26
JapanFUKUOKA 2916855.1750.001.830.651.18
SingaporeSGX 2591124943.2443.752.301.131.17
SwitzerlandSIX 137376538355.7950.001.960.821.14
BrazilBOVESPA 49251551.0260.001.480.481.00
NetherlandsAMSTERDAM 73639020852.9953.331.810.930.88
FOREXFOREX 42231354.7656.521.300.430.87
MexicoBMV 87422848.2866.671.100.240.86
UAEUAE 3513737.1453.851.310.540.77
IndonesiaIDX 46261456.5253.851.080.350.73
PakistanKSE 51241047.0641.671.000.290.71
PhilippinesPSE 60281646.6757.140.820.180.64
AustraliaASX 63391961.9048.720.900.310.59
MalaysiaBURSA 49311863.2758.060.740.230.52
USOTCBB 42150.0050.003.002.500.50
Hong KongHKEX 3115948.3960.000.600.130.47
South KoreaKOSDAQ 53261349.0650.000.650.190.46
Vietnam HOSE 41211251.2257.140.620.190.43
SingaporeSGX 46211145.6552.380.480.050.43
ThailandSET 55251245.4548.000.640.240.40
IndiaNSE 52241546.1562.500.630.250.38
USFOREX 61271344.2648.150.630.260.37
JapanNAGOYA 82331440.2442.421.671.320.35
CanadaTSX 47251653.1964.000.560.240.32
ChinaSSE 3413738.2453.850.460.150.31
IsraelTASE 45201044.4450.000.550.250.30
TaiwanGTSM 3516745.7143.750.500.250.25
SwitzerlandSIX 38201252.6360.000.400.150.25
BangladeshDSE 133542440.6044.440.560.310.24
Poland GPW 4912524.4941.670.420.250.17
NorwayOSE 4521846.6738.100.430.330.10
PortugalLISBON 104451743.2737.781.231.150.09
USWARRANTS 1530047.710.000.000.000.00
SwedenSTOCKHOLM 34221064.7145.450.360.360.00
RussiaMICEX 5250042.480.000.000.000.00
USPREFERRED 9733149.020.210.000.000.00
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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