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.
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.
Pattern Performance in Stock Exchanges since 1/1/2018
Stock Exchange 
Per Trade 
Total Net% Descending
USWARRANTS 39211353.8561.9017.381.5715.81
MexicoBMV 39021910156.4145.918.451.417.04
The World 113663564912945249.7352.116.751.195.56
ArgentinaBUE 2441076943.8564.496.380.865.52
CanadaCSE 143652545.4538.469.624.555.06
PakistanKSE 101147526246.9855.165.531.294.24
CanadaTSX-V 3511628346.1551.236.702.833.86
TurkeyBIST 64327914243.3950.904.670.873.80
PortugalLISBON 238734.7887.503.750.133.63
IndiaBSE 96664400214245.5248.685.281.663.62
Poland GPW 71436818151.5449.184.931.403.53
IndiaNSE 61462528125141.1849.434.951.433.52
Vietnam HOSE 103748926147.1653.374.481.033.45
IndonesiaIDX 77532115041.4246.734.761.333.43
South KoreaKOSDAQ 43382050110847.3553.944.471.103.37
USNASDAQ 74983673190349.0551.744.801.513.29
SwedenSTOCKHOLM 177285442548.2549.714.591.433.16
ThailandSET 94337819340.0851.
South KoreaKRX 3278156382647.6852.853.890.863.02
Austria WIENERBORSE 185427.7880.
Greece ATHENS 195426.3280.
IsraelTASE 91746526850.8257.514.031.043.00
NorwayOSE 50824111347.4446.894.361.372.99
ChinaSZSE 49352458134949.8154.884.121.172.95
USOTC PINK 50992668110452.5041.246.403.492.91
QatarQE 194844543.3053.573.560.692.87
ChinaSSE 2899146782650.6056.313.750.902.85
EgyptEGX 3401817253.2439.784.331.482.85
BrazilBOVESPA 93743222546.3251.843.931.092.84
Saudi ArabiaTADAWUL 44820611545.9855.833.600.762.84
JapanNAGOYA 70291141.4337.933.971.172.79
Greece ATHENS 2081257260.1057.603.781.012.78
KuwaitKSE 95442546.3256.824.181.522.66
SpainIBEX 46023412350.8752.563.591.022.57
UAEUAE 126693554.7650.723.671.122.55
USAMEX 124768635555.1751.603.821.292.53
Hong KongHKEX 2673123262446.0950.653.741.282.46
TaiwanGTSM 2364101849343.0648.433.371.052.32
GermanyXETRA 217533.3371.432.570.292.29
FrancePARIS 217533.3371.432.570.292.29
ItalyBORSA 217533.3371.432.570.292.29
ChileBCS 140512936.4356.862.780.532.25
CanadaTSX 2463131968453.5551.863.120.912.20
UKLSE 49652627137852.9152.463.120.972.15
FrancePARIS 1959102956152.5354.522.930.782.15
SpainIBEX 288528.5762.502.500.382.13
PortugalLISBON 90412245.5653.663.000.902.10
AustraliaASX 152179239452.2049.623.231.152.07
PhilippinesPSE 5292179241.0242.403.341.262.07
ItalyBORSA 2083114759655.0651.962.870.852.03
JapanTOKYO 93994893260152.0653.
BelgiumBRUSSELS 238534.7862.502.250.252.00
NetherlandsAMSTERDAM 238534.7862.502.250.252.00
TaiwanTWSE 2789130167246.6551.652.780.801.99
MalaysiaBURSA 65427313941.7450.923.221.241.98
RussiaMICEX 50623012445.4553.912.800.821.98
USNYSE 69413792207054.6554.572.670.851.81
BelgiumBRUSSELS 3681909651.6350.532.470.691.78
UKLSE 49191338.7868.422.110.371.74
DenmarkCOPENHAGEN 226527.2783.331.670.001.67
GermanyXETRA 2733161786759.1753.622.360.791.58
ArgentinaBUE 249437.5044.441.890.331.56
BangladeshDSE 115455323747.9242.862.761.211.55
ChileBCS 30171356.6776.471.710.181.53
SwitzerlandSIX 93353728557.5653.072.110.591.52
Vietnam HNX 115552647.8347.273.241.731.51
RussiaMICEX 33191257.5863.161.580.161.42
NetherlandsAMSTERDAM 47626214555.0455.342.090.741.34
TurkeyBIST 2312652.1750.001.580.251.33
Austria WIENERBORSE 118753763.5649.332.831.561.27
BrazilBOVESPA 27131048.1576.921.540.381.15
DenmarkCOPENHAGEN 3051606952.4643.132.481.401.08
USPREFERRED 85944123251.3452.611.380.450.93
MexicoBMV 59322154.2465.631.160.250.91
Hong KongHKEX 156440.0066.671.000.170.83
FOREXFOREX 2516864.0050.
Vietnam HOSE 26141053.8571.430.930.140.79
PakistanKSE 4016740.0043.750.940.190.75
UAEUAE 2611542.3145.451.360.640.73
AustraliaASX 44311670.4551.610.940.260.68
ThailandSET 3915838.4653.331.000.330.67
South KoreaKOSDAQ 41181043.9055.560.830.170.67
CanadaTSX 24141058.3371.430.790.140.64
MalaysiaBURSA 30211470.0066.670.760.190.57
PhilippinesPSE 44211247.7357.140.760.240.52
SwitzerlandSIX 2412750.0058.330.580.080.50
USFOREX 3516845.7150.000.690.190.50
USOTCBB 42150.0050.003.002.500.50
Poland GPW 258432.0050.000.630.130.50
SingaporeSGX 2381114846.6443.241.651.190.46
JapanTOKYO 197336.8442.860.430.000.43
TaiwanGTSM 2711540.7445.450.550.180.36
IndonesiaIDX 3217953.1352.940.710.350.35
SingaporeSGX 3215746.8846.670.400.070.33
IndiaNSE 37181248.6566.670.500.170.33
IsraelTASE 3115848.3953.330.530.270.27
BangladeshDSE 83351842.1751.430.510.260.26
SwedenSTOCKHOLM 2916855.1750.000.440.380.06
NorwayOSE 3417750.0041.180.410.410.00
ChinaSSE 229340.9133.330.220.220.00
JapanFUKUOKA 2010450.0040.001.301.60-0.30
JordanASE 217233.3328.570.571.57-1.00
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


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