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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 219934342.4746.2412.683.109.58
MexicoBMV 49926812053.7144.787.371.765.62
TurkeyBIST 93440023342.8358.256.470.985.50
Vietnam HNX 195714036.4156.346.321.544.78
ArgentinaBUE 58532119055.2158.825.731.294.45
IndonesiaIDX 127048722838.3546.825.671.554.12
IndiaBSE 134045951294644.4049.505.541.583.96
PakistanKSE 106448324445.3950.525.321.393.94
EgyptEGX 46822410747.8647.775.051.273.77
IndiaNSE 69372855148041.1751.825.091.343.74
CanadaTSX-V 3871576840.5743.316.953.233.72
Vietnam HOSE 125457734946.0160.494.620.953.66
QatarQE 238995841.6058.593.890.643.25
RussiaMICEX 53271550.9455.563.560.443.11
TaiwanGTSM 2536112857844.7650.934.031.033.00
USNASDAQ 108875353262749.2049.054.641.712.93
South KoreaKOSDAQ 54882488126645.3950.824.201.292.91
ChinaSZSE 78063838214349.1755.843.841.032.81
NorwayOSE 87240118645.9946.384.261.492.78
ChileBCS 178885149.4457.953.550.782.78
IsraelTASE 134567436550.1954.073.781.082.70
Poland GPW 100549823449.5546.994.201.512.69
ThailandSET 121647823339.3148.743.801.132.68
TaiwanTWSE 3164153082848.3654.123.450.802.64
Austria WIENERBORSE 248633.3375.002.880.252.63
Greece ATHENS 268630.7775.002.880.252.63
SwedenSTOCKHOLM 2402115655748.1748.144.231.622.62
Saudi ArabiaTADAWUL 81237121245.6957.143.370.772.60
ChinaSSE 59663007165850.4055.143.480.952.53
MalaysiaBURSA 78833216742.1350.303.671.142.52
USOTC PINK 55432852120852.7741.305.432.912.52
PortugalLISBON 3213940.6369.232.850.382.46
The World 150907731563748249.0550.643.621.202.42
South KoreaKRX 41122023103949.2051.363.371.002.37
Hong KongHKEX 3050141567446.3947.633.821.552.27
GermanyXETRA 2810735.7170.002.500.302.20
FrancePARIS 2810735.7170.002.500.302.20
ItalyBORSA 2810735.7170.002.500.302.20
BangladeshDSE 136459428743.5548.323.331.132.20
PhilippinesPSE 54823710743.2545.
BrazilBOVESPA 193693948348.5051.443.141.092.06
Greece ATHENS 31319010560.7055.
SpainIBEX 53725812548.0448.453.401.382.02
FrancePARIS 2581129567250.2151.852.960.972.00
USAMEX 1851101248054.6747.433.181.291.89
Austria WIENERBORSE 32217910055.5955.873.101.221.88
KuwaitKSE 183834545.3654.223.271.421.85
SpainIBEX 3812731.5858.332.250.421.83
CanadaTSX 3210162682050.6550.432.770.971.79
JapanTOKYO 112645890309352.2952.512.710.921.78
AustraliaASX 1990104247852.3645.873.271.521.75
NetherlandsAMSTERDAM 3212737.5058.332.080.331.75
BelgiumBRUSSELS 3212737.5058.332.080.331.75
UKLSE 68733506174151.0549.622.821.091.73
ArgentinaBUE 2811539.2945.452.000.271.73
UAEUAE 174793745.4046.842.851.171.68
ItalyBORSA 2983163782054.8850.092.470.881.59
UKLSE 65241636.9266.671.920.331.58
DenmarkCOPENHAGEN 3813934.2169.231.770.311.46
USNYSE 102985379274352.2350.992.390.951.45
ChileBCS 35191554.2978.951.580.161.42
JordanASE 157346.6742.862.180.781.40
BelgiumBRUSSELS 3792089354.8844.712.441.101.34
TurkeyBIST 2312652.1750.001.580.251.33
FOREXFOREX 36211258.3357.141.570.241.33
JapanFUKUOKA 2811739.2963.642.711.411.30
GermanyXETRA 44802547133056.8552.222.100.881.23
DenmarkCOPENHAGEN 4272169350.5943.062.621.521.09
BrazilBOVESPA 49251551.0260.001.480.481.00
SwitzerlandSIX 136276437256.0948.691.850.900.95
SingaporeSGX 2601014138.8540.592.111.230.88
UAEUAE 3412635.2950.001.420.580.83
MexicoBMV 82402648.7865.
NetherlandsAMSTERDAM 72439121054.0153.711.730.990.74
PakistanKSE 4822945.8340.911.000.270.73
PhilippinesPSE 59271545.7655.560.810.190.63
AustraliaASX 61381962.3050.000.920.320.61
PortugalLISBON 89401644.9440.001.681.130.56
Hong KongHKEX 2913944.8369.230.690.150.54
USOTCBB 42150.0050.003.002.500.50
South KoreaKOSDAQ 51241247.0650.000.710.210.50
Vietnam HOSE 39191148.7257.890.680.210.47
MalaysiaBURSA 47291661.7055.170.660.240.41
SingaporeSGX 44201045.4550.000.450.050.40
ThailandSET 55251245.4548.000.640.240.40
USFOREX 60261243.3346.150.650.270.38
IndiaNSE 49241548.9862.500.630.250.38
CanadaTSX 44231552.2765.220.570.220.35
IsraelTASE 45201044.4450.000.550.250.30
SwitzerlandSIX 33171051.5258.820.470.180.29
TaiwanGTSM 3314642.4242.860.500.210.29
BangladeshDSE 131532440.4645.280.570.320.25
IndonesiaIDX 43231253.4952.170.570.350.22
Poland GPW 4411425.0036.360.450.270.18
ChinaSSE 3312636.3650.000.330.170.17
JapanTOKYO 238334.7837.500.380.250.13
NorwayOSE 4421847.7338.100.430.330.10
USWARRANTS 1530047.710.
SwedenSTOCKHOLM 34221064.7145.450.360.360.00
RussiaMICEX 5250042.480.
JapanNAGOYA 85341440.0041.181.141.30-0.16
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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