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 2010750.0070.0018.703.0015.70
CanadaTSX-V 141855260.2861.186.932.454.48
TurkeyBIST 76585.7183.334.170.174.00
USOTC PINK 103564334562.3253.495.542.053.49
PakistanKSE 2251398361.7859.714.391.283.11
Hong KongHKEX 89053832060.5659.374.161.063.10
IndonesiaIDX 30521012868.8560.954.441.363.08
OmanMSM 21150.00100.
ArgentinaBUE 88493156.8262.003.580.702.88
ThailandSET 40226715366.4257.303.630.822.81
UAEUAE 38251665.7964.003.761.122.64
South KoreaKOSDAQ 81049129560.6260.083.991.362.63
Poland GPW 24416710669.2662.723.410.862.54
KuwaitKSE 3316948.4856.253.440.942.50
MalaysiaBURSA 36523113163.2956.713.400.942.46
IndiaNSE 125180746764.5157.873.551.202.35
BangladeshDSE 37925816068.0762.023.250.922.33
USNASDAQ 2638160785960.9253.453.521.252.26
BrazilBOVESPA 3091809458.2552.
IndiaBSE 2021127970663.2955.203.561.422.13
UKLSE 1912663.1650.
SwedenSTOCKHOLM 59934317457.2650.733.091.082.01
DenmarkCOPENHAGEN 86442851.1663.643.571.572.00
Poland GPW 53360.00100.
NorwayOSE 152853855.9244.713.251.271.98
IsraelTASE 42424512957.7852.652.981.021.95
PhilippinesPSE 1601056865.6364.763.661.721.93
FrancePARIS 73442723558.1755.042.800.861.93
South KoreaKRX 79645126156.6657.872.740.851.89
Saudi ArabiaTADAWUL 36823913564.9556.492.680.821.86
RussiaMICEX 17151288.2480.
QatarQE 46331671.7448.482.520.731.79
JapanNAGOYA 3014746.6750.002.861.141.71
Vietnam HOSE 28218510965.6058.922.801.101.70
The World 39002235571245860.4252.872.801.101.69
TaiwanGTSM 88660833568.6255.102.711.031.68
Austria WIENERBORSE 40281670.0057.142.250.611.64
MexicoBMV 25191476.0073.681.840.211.63
TaiwanTWSE 115773939463.8753.322.540.941.60
BelgiumBRUSSELS 106572753.7747.372.631.041.60
AustraliaASX 70441819959.3847.613.081.541.54
Vietnam HNX 80503462.5068.002.641.121.52
UKLSE 163488645954.2251.812.571.061.51
SwitzerlandSIX 62233.33100.001.500.001.50
JapanTOKYO 33751952101157.8451.792.531.041.49
RussiaMICEX 1731005358.3852.482.210.801.41
ChinaSZSE 1812108857360.0452.672.891.501.39
TurkeyBIST 53034517965.0951.882.581.211.37
USAMEX 2631527757.7950.662.871.611.26
ThailandSET 138661.5475.
EgyptEGX 4618839.1344.442.721.501.22
USNYSE 37202224110259.7849.552.150.941.21
ChinaSSE 109061629156.5147.242.561.391.17
SpainIBEX 1441004769.4447.002.070.991.08
ChileBCS 66392159.0953.851.690.621.08
BrazilBOVESPA 27151055.5666.671.400.331.07
TaiwanGTSM 332100.0066.671.000.001.00
ChileBCS 198742.1187.501.000.001.00
GermanyXETRA 109466931261.1546.641.830.900.93
SingaporeSGX 106663862.2657.582.121.240.88
JapanTOKYO 127558.3371.430.860.000.86
DenmarkCOPENHAGEN 157546.6771.430.860.000.86
ItalyBORSA 86857827366.5947.232.161.320.84
SwedenSTOCKHOLM 125141.6720.001.400.600.80
IndonesiaIDX 75371.4360.
SwitzerlandSIX 3251828756.0047.801.610.840.77
USFOREX 32211365.6361.900.900.140.76
ChinaSSE 148357.1437.501.000.250.75
CanadaTSX 112465233658.0151.531.831.090.74
Greece ATHENS 57341559.6544.122.591.880.71
NetherlandsAMSTERDAM 2001366468.0047.061.590.910.68
PortugalLISBON 116254.5533.330.670.000.67
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
GermanyXETRA 105150.0020.000.600.000.60
SpainIBEX 1710358.8230.000.600.000.60
Greece ATHENS 105150.0020.000.600.000.60
ItalyBORSA 105150.0020.000.600.000.60
FrancePARIS 105150.0020.000.600.000.60
NetherlandsAMSTERDAM 105150.0020.000.600.000.60
PortugalLISBON 38241263.1650.001.380.830.54
South KoreaKOSDAQ 21151071.4366.670.730.200.53
USPREFERRED 2761365749.2841.911.010.520.49
MexicoBMV 162864053.0946.511.521.080.44
CanadaTSX 138361.5437.500.630.250.38
Vietnam HOSE 30231376.6756.520.570.260.30
BangladeshDSE 2315765.2246.670.400.130.27
IndiaNSE 885100.0062.500.500.250.25
UAEUAE 2713748.1553.850.310.080.23
PhilippinesPSE 1611368.7527.
SingaporeSGX 116454.5566.670.330.170.17
PakistanKSE 116254.5533.330.330.170.17
IsraelTASE 137553.8571.430.430.290.14
Hong KongHKEX 1810555.5650.000.300.200.10
MalaysiaBURSA 2414658.3342.860.290.290.00
NorwayOSE 97377.7842.860.140.29-0.14
JapanFUKUOKA 95255.5640.000.600.80-0.20
ArgentinaBUE 2111552.3845.450.450.73-0.27
JordanASE 106260.0033.330.671.00-0.33
USWARRANTS 42150.0050.001.003.50-2.50
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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