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
RussiaMICEX 45261457.7853.853.650.463.19
Greece ATHENS 238634.7875.002.880.252.63
Austria WIENERBORSE 228636.3675.002.880.252.63
PortugalLISBON 3013943.3369.232.850.382.46
ItalyBORSA 2510740.0070.002.500.302.20
GermanyXETRA 2510740.0070.002.500.302.20
FrancePARIS 2510740.0070.002.500.302.20
SpainIBEX 3512734.2958.332.250.421.83
DenmarkCOPENHAGEN 2811839.2972.732.000.181.82
NetherlandsAMSTERDAM 2812742.8658.332.080.331.75
BelgiumBRUSSELS 2812742.8658.332.080.331.75
ArgentinaBUE 2811539.2945.452.000.271.73
UKLSE 62241638.7166.671.880.331.54
ChileBCS 34181452.9477.781.670.171.50
TurkeyBIST 2312652.1750.001.580.251.33
FOREXFOREX 34211261.7657.141.570.241.33
BrazilBOVESPA 40211352.5061.901.710.481.24
MexicoBMV 71382553.5265.791.080.240.84
UAEUAE 3212637.5050.001.420.580.83
Hong KongHKEX 2311947.8381.820.910.090.82
PakistanKSE 4822945.8340.911.000.270.73
PhilippinesPSE 56261546.4357.690.850.190.65
AustraliaASX 60381963.3350.000.920.320.61
Vietnam HOSE 35181151.4361.110.720.170.56
South KoreaKOSDAQ 49231146.9447.830.740.220.52
USOTCBB 42150.0050.003.002.500.50
IndiaNSE 47221546.8168.180.680.180.50
ThailandSET 50221144.0050.000.730.270.45
USFOREX 53251247.1748.000.680.280.40
SingaporeSGX 4219945.2447.370.420.050.37
NorwayOSE 7063146.180.310.390.020.37
CanadaTSX 41221453.6663.640.590.230.36
MalaysiaBURSA 41281568.2953.570.610.250.36
IndonesiaIDX 38201252.6360.000.650.300.35
BangladeshDSE 113472341.5948.940.600.280.32
IsraelTASE 42191045.2452.630.580.260.32
TaiwanGTSM 3213640.6346.150.540.230.31
Poland GPW 3510428.5740.000.500.200.30
SwitzerlandSIX 31171054.8458.820.470.180.29
PortugalLISBON 773242.866.
EgyptEGX 3795247.761.
ChinaSSE 3012640.0050.000.330.170.17
ThailandSET 10121141.400.
JapanFUKUOKA 251140.0010.
JapanTOKYO 238334.7837.500.380.250.13
The World 126102152488549.161.430.070.010.06
Vietnam HOSE 11332245.810.390.040.000.04
UAEUAE 1431144.061.590.040.000.04
KuwaitKSE 1551149.031.320.010.000.01
TaiwanGTSM 21791144.750.
RussiaMICEX 6061141.420.400.010.000.01
ItalyBORSA 25013254.420.
JapanTOKYO 99092252.
IndiaBSE 109362243.560.
ChinaSSE 45113251.500.
SwedenSTOCKHOLM 19811148.510.
NorwayOSE 3817744.7441.180.410.410.00
MalaysiaBURSA 6940042.
MexicoBMV 4640054.530.
Saudi ArabiaTADAWUL 6410045.710.
QatarQE 1980038.890.
JordanASE 130038.460.
South KoreaKOSDAQ 44840045.790.
South KoreaKRX 34520049.
JapanNAGOYA 710040.850.
IndonesiaIDX 10770038.
IndiaNSE 60720040.430.
Greece ATHENS 2720058.820.
Austria WIENERBORSE 1750055.430.
ArgentinaBUE 4540053.300.
BangladeshDSE 12700043.
BelgiumBRUSSELS 3310053.470.
BrazilBOVESPA 15620048.400.
CanadaCSE 2190040.640.
CanadaTSX-V 3660039.890.
CanadaTSX 26990051.
SwitzerlandSIX 11400056.320.
SpainIBEX 4530048.340.
DenmarkCOPENHAGEN 3580051.
GermanyXETRA 37640057.
ChileBCS 1500048.
ChinaSZSE 60270049.780.
PakistanKSE 9130044.360.
PhilippinesPSE 4960043.350.
Poland GPW 8240049.390.
SingaporeSGX 2280038.
SwedenSTOCKHOLM 33221066.6745.450.360.360.00
USOTC PINK 43380052.560.
USNASDAQ 91710050.
Vietnam HNX 1860036.560.
USWARRANTS 1530047.710.
UKLSE 56030051.
USNYSE 82881053.510.
Hong KongHKEX 25891046.660.
IsraelTASE 11411051.
AustraliaASX 16891051.810.
NetherlandsAMSTERDAM 5931053.790.
FrancePARIS 22582150.620.
TurkeyBIST 7761043.300.
USAMEX 15202055.720.000.000.01-0.01
TaiwanTWSE 26972048.720.000.000.01-0.01
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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