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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 54301955.5663.3313.671.6012.07
MexicoBMV 42323710856.2645.387.921.496.43
ArgentinaBUE 2681238246.2766.136.280.835.45
The World 118157588633071249.8652.136.641.205.45
PakistanKSE 105049527147.1454.755.551.274.28
CanadaCSE 158712745.5737.508.434.174.26
IndiaBSE 100404608228245.9149.515.511.623.89
CanadaTSX-V 3751668444.2750.606.692.823.87
IndiaNSE 63232621130741.5049.815.121.413.71
PortugalLISBON 248733.3387.503.750.133.63
South KoreaKOSDAQ 44702111115247.2954.494.611.093.53
TurkeyBIST 68729714743.2349.494.400.983.42
Vietnam HOSE 105049226146.8653.054.331.033.29
IndonesiaIDX 84034415840.9545.934.631.363.27
USNASDAQ 77923839198749.3651.664.791.523.26
SwedenSTOCKHOLM 185689544848.2850.004.681.433.25
Poland GPW 76839719151.8247.994.671.453.22
ThailandSET 99139119939.4650.904.201.133.08
Greece ATHENS 195426.3280.003.200.203.00
Austria WIENERBORSE 185427.7880.003.200.203.00
South KoreaKRX 3408163686448.0052.813.850.872.98
IsraelTASE 98649528750.4157.753.991.032.97
ChinaSSE 3101157389050.7356.583.810.882.93
ChinaSZSE 52272620144150.1255.004.041.162.88
UAEUAE 127693554.3350.723.991.122.87
EgyptEGX 3561877752.5341.184.261.432.83
Saudi ArabiaTADAWUL 46521512146.2456.283.580.752.82
JapanNAGOYA 69291142.0337.933.971.172.79
QatarQE 204874742.6554.023.450.692.76
Greece ATHENS 2231337559.6456.393.741.022.71
TaiwanGTSM 2490110854844.5049.463.701.052.65
NorwayOSE 56027012348.2145.564.021.382.64
USOTC PINK 53292793114352.6740.726.203.592.61
TaiwanTWSE 2940140074447.6253.143.300.772.53
USAMEX 130472036955.3751.113.741.302.44
KuwaitKSE 111492844.1457.143.921.512.41
SpainIBEX 47824812851.8851.613.361.022.33
ItalyBORSA 217533.3371.432.570.292.29
GermanyXETRA 217533.3371.432.570.292.29
FrancePARIS 217533.3371.432.570.292.29
Hong KongHKEX 2748127364046.3250.273.591.302.28
BrazilBOVESPA 106250025047.5549.503.431.172.27
RussiaMICEX 53923613044.7153.943.030.772.27
PhilippinesPSE 5562279740.8342.733.461.252.21
CanadaTSX 2510134370053.5152.123.050.912.14
AustraliaASX 159983041652.0350.003.271.142.13
SpainIBEX 298527.5962.502.500.382.13
Vietnam HNX 125592747.2045.764.101.982.12
FrancePARIS 2031106457852.3954.322.880.802.08
UKLSE 51332716143152.9152.693.040.962.08
MalaysiaBURSA 71129914842.0549.503.331.272.07
PortugalLISBON 92422345.6554.763.051.022.02
BelgiumBRUSSELS 238534.7862.502.250.252.00
NetherlandsAMSTERDAM 238534.7862.502.250.252.00
ItalyBORSA 2131117661155.1951.962.840.842.00
JapanTOKYO 98935168273052.2452.832.950.991.95
ChileBCS 148573138.5154.392.580.651.93
USNYSE 70533865210354.8354.382.640.861.78
UKLSE 51191337.2568.422.110.371.74
BangladeshDSE 118457525348.5644.002.901.171.73
ArgentinaBUE 2510540.0050.002.000.301.70
BelgiumBRUSSELS 3751989652.8048.482.430.751.68
DenmarkCOPENHAGEN 226527.2783.331.670.001.67
GermanyXETRA 2782165188959.3553.852.350.761.60
ChileBCS 30171356.6776.471.710.181.53
SwitzerlandSIX 98156530057.7053.002.020.581.44
RussiaMICEX 34191255.8863.161.580.161.42
TurkeyBIST 2312652.1750.001.580.251.33
NetherlandsAMSTERDAM 48926614554.4054.512.040.741.30
Austria WIENERBORSE 131814161.8350.622.751.531.22
DenmarkCOPENHAGEN 3251687451.6944.052.531.401.13
BrazilBOVESPA 29141048.2871.431.430.361.07
USPREFERRED 80241221851.3752.911.420.470.95
MexicoBMV 60332255.0066.671.150.240.91
Hong KongHKEX 157546.6771.431.000.140.86
FOREXFOREX 2816857.1450.001.000.190.81
South KoreaKOSDAQ 42191145.2457.890.890.160.74
Vietnam HOSE 27151055.5666.670.870.130.73
UAEUAE 2611542.3145.451.360.640.73
AustraliaASX 45321771.1153.130.970.280.69
ThailandSET 4217940.4852.940.940.290.65
SingaporeSGX 2491175246.9944.441.791.160.63
CanadaTSX 29151051.7266.670.730.130.60
PakistanKSE 4220847.6240.000.800.200.60
PhilippinesPSE 45211246.6757.140.760.240.52
MalaysiaBURSA 31221470.9763.640.730.230.50
USFOREX 3616844.4450.000.690.190.50
USOTCBB 42150.0050.003.002.500.50
JapanTOKYO 207335.0042.860.430.000.43
IndonesiaIDX 32181056.2555.560.720.330.39
TaiwanGTSM 2811539.2945.450.550.180.36
IndiaNSE 37181248.6566.670.500.170.33
SingaporeSGX 3215746.8846.670.400.070.33
Poland GPW 3110432.2640.000.500.200.30
SwitzerlandSIX 2614753.8550.000.500.210.29
BangladeshDSE 91351838.4651.430.510.260.26
IsraelTASE 3416847.0650.000.500.310.19
SwedenSTOCKHOLM 2917858.6247.060.410.350.06
ChinaSSE 2210445.4540.000.200.200.00
NorwayOSE 3417750.0041.180.410.410.00
JapanFUKUOKA 2010450.0040.001.301.60-0.30
OmanMSM 32066.670.000.001.00-1.00
JordanASE 217233.3328.570.571.57-1.00
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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