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 1/1/2017
Stock Exchange 
Per Trade 
Total Net% Descending
USWARRANTS 95355.5660.0020.601.0019.60
ArgentinaBUE 188835544.1566.277.060.826.24
The World 115711571202961649.3951.826.631.225.42
PortugalLISBON 217633.3385.714.290.144.14
ChinaSZSE 44742376138153.1158.125.301.274.03
ChinaSSE 2751147986053.7658.
PakistanKSE 108249224645.4750.005.371.443.93
IndonesiaIDX 76131414941.2647.454.971.363.61
CanadaTSX-V 3021466848.3446.586.853.253.60
IndiaBSE 101044603225845.5649.055.331.763.58
TurkeyBIST 69629015741.6754.144.280.793.49
South KoreaKOSDAQ 45182174115848.1253.274.631.183.45
IndiaNSE 63972638130341.2449.394.841.483.36
CanadaCSE 107461742.9936.967.984.653.33
IsraelTASE 94148327251.3356.314.161.003.16
JapanNAGOYA 71311343.6641.944.131.103.03
Poland GPW 75438718751.3348.324.291.283.02
Austria WIENERBORSE 175429.4180.
Greece ATHENS 185427.7880.
BrazilBOVESPA 88140422445.8655.454.021.032.99
EgyptEGX 3381777052.3739.554.531.562.97
SwedenSTOCKHOLM 172284741349.1948.764.331.452.88
Vietnam HOSE 100446321946.1247.303.991.132.86
UAEUAE 133743755.6450.003.821.002.82
USOTC PINK 49592622111953.5642.
USNASDAQ 80543896198648.3750.984.271.472.80
South KoreaKRX 3486164985047.3051.553.640.962.69
QatarQE 203824240.3951.223.330.742.59
USAMEX 129270035354.1850.433.971.402.58
SpainIBEX 257528.0071.432.860.432.43
Hong KongHKEX 3069142269846.3349.093.831.442.40
GermanyXETRA 207535.0071.432.570.292.29
FrancePARIS 207535.0071.432.570.292.29
ItalyBORSA 207535.0071.432.570.292.29
TaiwanGTSM 2612109955042.0850.053.301.032.27
NorwayOSE 49623711647.7848.953.661.412.26
Greece ATHENS 1791135863.1351.333.501.272.23
JapanTOKYO 103375365290351.9054.113.110.972.14
AustraliaASX 148778338652.6649.303.321.192.14
RussiaMICEX 41319610747.4654.592.990.882.11
TaiwanTWSE 3098141973945.8052.082.930.852.08
ThailandSET 105841118838.8545.743.241.182.06
BelgiumBRUSSELS 228536.3662.502.250.252.00
ArgentinaBUE 238334.7837.502.380.382.00
NetherlandsAMSTERDAM 228536.3662.502.250.252.00
Saudi ArabiaTADAWUL 52423813245.4255.462.690.791.91
SpainIBEX 47122111946.9253.852.740.901.84
BangladeshDSE 132064628248.9443.653.051.231.82
CanadaTSX 2830148075752.3051.152.700.911.79
FrancePARIS 2153112359752.1653.162.620.841.78
MalaysiaBURSA 64627313842.2650.552.951.191.76
ChileBCS 131482636.6454.172.310.561.75
UKLSE 46191341.3068.422.110.371.74
KuwaitKSE 91371940.6651.353.812.111.70
DenmarkCOPENHAGEN 216528.5783.331.670.001.67
USNYSE 78804178226453.0254.192.440.811.64
PhilippinesPSE 5241968337.4042.352.871.261.61
ItalyBORSA 2268121563153.5751.932.500.921.58
Vietnam HNX 123572946.3450.883.531.981.54
ChileBCS 26141053.8571.431.710.211.50
MexicoBMV 39921410853.6350.472.621.171.45
UKLSE 53642757143151.4051.902.400.961.45
GermanyXETRA 2851167988858.8952.892.250.841.41
Austria WIENERBORSE 79472359.4948.943.111.721.38
JapanFUKUOKA 2212654.5550.001.500.171.33
NetherlandsAMSTERDAM 52529616656.3856.082.020.701.32
SwitzerlandSIX 102259229657.9350.001.920.661.25
BrazilBOVESPA 2512948.0075.001.670.421.25
DenmarkCOPENHAGEN 3481928055.1741.672.561.321.23
RussiaMICEX 1813772.2253.851.310.151.15
TurkeyBIST 2211550.0045.451.360.271.09
BelgiumBRUSSELS 40821410052.4546.731.820.761.06
PortugalLISBON 103482146.6043.752.331.291.04
FOREXFOREX 2214863.6457.
AustraliaASX 37251667.5764.
Hong KongHKEX 136446.1566.671.000.170.83
PakistanKSE 3416847.0650.
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
USPREFERRED 97251225852.6750.391.060.400.66
MexicoBMV 50231546.0065.220.960.300.65
CanadaTSX 2113961.9069.230.770.150.62
USFOREX 3315745.4546.670.800.200.60
JapanTOKYO 175329.4160.000.600.000.60
MalaysiaBURSA 29201468.9770.000.800.200.60
SwitzerlandSIX 2211750.0063.640.640.090.55
PhilippinesPSE 42211250.0057.140.760.240.52
IndonesiaIDX 30161053.3362.500.810.310.50
USOTCBB 42150.0050.003.002.500.50
Poland GPW 216328.5750.000.670.170.50
SingaporeSGX 2991305943.4845.381.601.140.46
TaiwanGTSM 2610538.4650.000.600.200.40
IndiaNSE 37181348.6572.220.500.170.33
SingaporeSGX 3114645.1642.860.360.070.29
BangladeshDSE 74331844.5954.550.550.270.27
IsraelTASE 3115848.3953.330.530.270.27
NorwayOSE 2916755.1743.750.440.380.06
ChinaSSE 207235.0028.570.290.290.00
SwedenSTOCKHOLM 2212654.5550.000.170.42-0.25
JordanASE 289332.1433.331.111.56-0.44
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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