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 selling decisions.
This pattern consists of a white 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 Bullish Inverted Hammer pattern but unlike it, the Shooting Star appears in an uptrend and signals a bearish reversal.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. The first day of the pattern is a white 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 must 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 top of the Inverted Hammer’s body should be higher than the preceding candlestick’s body.
Trader’s Behavior
The pattern occurs in a bullish background and the white candlestick that appears on the first day further supports the bullishness. 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. Certainly, this will cause some concern to any bulls holding profitable positions.
Sell/Stop Loss Levels
The confirmation level is defined as the low of the Inverted Hammer’s body. Prices should cross below this level for confirmation.

The stop loss level is defined as the last high. Following the bearish signal, if prices go up instead of going down, and close or make two consecutive daily highs above the stop loss level, while no bullish pattern is detected, then the stop loss is triggered.
Pattern Performance in Stock Exchanges since 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 28151153.5773.3317.271.6015.67
CanadaTSX-V 1631026462.5862.757.282.964.32
TurkeyBIST 76585.7183.334.170.174.00
USOTC PINK 117574040363.4054.095.541.943.61
PakistanKSE 2341459061.9762.074.721.233.49
IndonesiaIDX 34023614669.4161.864.391.283.11
OmanMSM 21150.00100.
Hong KongHKEX 96057833960.4258.454.111.182.93
ArgentinaBUE 96543457.2961.823.640.782.85
South KoreaKOSDAQ 87452031559.5060.584.071.322.75
IndiaNSE 134087151265.0758.723.881.152.74
ThailandSET 44330116867.9555.813.560.862.70
KuwaitKSE 39201151.2855.003.500.852.65
UAEUAE 42241557.1462.503.791.212.58
Poland GPW 25817511368.9963.483.400.832.57
IndiaBSE 2127135776663.8056.453.821.362.46
MalaysiaBURSA 39124413962.4056.973.400.952.45
BangladeshDSE 41027316766.5961.173.320.942.38
DenmarkCOPENHAGEN 97523453.6165.383.731.422.31
SwedenSTOCKHOLM 66537919756.9951.983.311.062.25
PhilippinesPSE 1831197865.0365.553.811.572.24
UKLSE 2012660.0050.
FrancePARIS 82447926358.1354.912.870.822.05
USNASDAQ 3009186297662.0152.303.291.262.04
IsraelTASE 46127114458.7953.142.980.972.01
Poland GPW 53360.00100.
NorwayOSE 163934257.0645.163.381.461.91
South KoreaKRX 85549127657.5456.102.750.921.83
RussiaMICEX 17151288.2480.
The World 43116261301376960.6652.652.821.091.74
Austria WIENERBORSE 46291763.0458.622.310.591.72
BrazilBOVESPA 3411999858.9448.762.771.041.72
Vietnam HOSE 31120312365.2760.592.771.051.72
TurkeyBIST 57837720065.2253.052.881.201.67
TaiwanTWSE 129182643363.9852.422.560.901.66
Saudi ArabiaTADAWUL 39725813864.9953.492.480.841.64
TaiwanGTSM 97266636368.5254.502.661.031.64
ChinaSZSE 2012120163759.6953.043.041.431.61
JapanTOKYO 36952145112258.0552.312.611.031.58
QatarQE 49351771.4348.572.490.911.57
BelgiumBRUSSELS 113633155.7549.212.510.971.54
JapanNAGOYA 3115748.3946.672.671.131.53
SwitzerlandSIX 62233.33100.001.500.001.50
UKLSE 179697150654.0652.112.541.041.50
EgyptEGX 5119937.2547.372.891.421.47
ChileBCS 124724258.0658.331.940.501.44
RussiaMICEX 1981115756.5750.892.200.801.39
Vietnam HNX 77463259.7469.572.350.981.37
AustraliaASX 77745921159.0745.972.851.521.33
ChinaSSE 120467031755.6547.312.671.361.31
ThailandSET 138661.5475.
USNYSE 42932616126560.9848.322.100.911.18
MexicoBMV 29231379.3156.521.430.301.13
SpainIBEX 1541085170.1347.
USAMEX 3131879259.7449.202.621.601.02
BrazilBOVESPA 28161157.1468.751.310.311.00
TaiwanGTSM 332100.0066.671.000.001.00
GermanyXETRA 123775435260.9546.681.850.860.99
ItalyBORSA 94662729866.3847.452.231.250.98
DenmarkCOPENHAGEN 157546.6771.430.860.000.86
JapanTOKYO 127558.3371.430.860.000.86
NetherlandsAMSTERDAM 2211477066.5247.621.730.880.85
SwedenSTOCKHOLM 125141.6720.001.400.600.80
CanadaTSX 124472937358.6051.171.831.040.79
Greece ATHENS 62391662.9041.032.691.950.74
SwitzerlandSIX 38621110054.6647.391.610.870.74
USFOREX 34221364.7159.090.860.140.73
PortugalLISBON 116254.5533.330.670.000.67
FrancePARIS 105150.0020.000.600.000.60
ItalyBORSA 105150.0020.000.600.000.60
NetherlandsAMSTERDAM 105150.0020.000.600.000.60
Austria WIENERBORSE 105150.0020.000.600.000.60
FOREXFOREX 2820971.4345.000.750.150.60
AustraliaASX 1310676.9260.001.000.400.60
BelgiumBRUSSELS 105150.0020.000.600.000.60
SpainIBEX 1710358.8230.000.600.000.60
Greece ATHENS 105150.0020.000.600.000.60
ChinaSSE 1710358.8230.000.800.200.60
ChileBCS 2310743.4870.000.800.200.60
GermanyXETRA 105150.0020.000.600.000.60
JapanFUKUOKA 117363.6442.861.140.570.57
IndonesiaIDX 147450.0057.140.860.290.57
SingaporeSGX 106653461.3252.311.951.380.57
PortugalLISBON 40261365.0050.001.310.770.54
USPREFERRED 3091576250.8139.490.990.530.46
South KoreaKOSDAQ 23161069.5762.500.690.250.44
CanadaTSX 148357.1437.500.630.250.38
Vietnam HOSE 33261478.7953.850.580.230.35
IndiaNSE 98588.8962.500.500.250.25
UAEUAE 2813746.4353.850.310.080.23
MexicoBMV 176964454.5545.831.381.170.21
PhilippinesPSE 1611368.7527.
PakistanKSE 116254.5533.330.330.170.17
IsraelTASE 147550.0071.430.430.290.14
SingaporeSGX 138461.5450.
BangladeshDSE 2416766.6743.750.380.250.13
Hong KongHKEX 1810555.5650.000.300.200.10
MalaysiaBURSA 2415662.5040.000.270.33-0.07
NorwayOSE 97377.7842.860.140.29-0.14
ArgentinaBUE 2111552.3845.450.450.73-0.27
JordanASE 127258.3328.570.570.86-0.29
USWARRANTS 31033.330.000.007.00-7.00
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© family websites


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