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 35201357.1465.0012.001.8010.20
TurkeyBIST 76585.7183.334.170.174.00
Hong KongHKEX 1646102358262.1556.894.501.253.24
USOTC PINK 2024126168162.8053.585.031.863.17
IndonesiaIDX 52134322165.8364.434.120.983.14
CanadaTSX-V 1781126562.9258.046.273.582.69
IndiaNSE 2222147184466.3457.263.771.202.57
PakistanKSE 47631518366.1858.103.821.272.55
USWARRANTS 74157.1425.005.002.502.50
Poland GPW 42427316164.3958.973.471.002.47
MalaysiaBURSA 74044726060.4158.173.461.002.46
Vietnam HNX 131764758.0261.843.711.322.39
ArgentinaBUE 116683858.6255.883.501.132.37
UKLSE 2213759.0953.852.460.152.31
BangladeshDSE 58940624768.9360.843.260.962.31
IndiaBSE 36022283129563.3856.723.821.522.30
BelgiumBRUSSELS 176914851.7052.753.130.912.22
ThailandSET 70747225566.7654.033.311.102.22
TaiwanGTSM 1622110963868.3757.533.150.942.21
South KoreaKOSDAQ 138185048961.6257.463.641.432.21
SwedenSTOCKHOLM 98255729756.7253.323.140.942.20
KuwaitKSE 51301558.8250.002.870.702.17
EgyptEGX 113512645.1350.983.181.042.14
USNASDAQ 44442775147662.4753.173.361.232.13
IsraelTASE 64838120758.8054.332.990.892.10
Vietnam HOSE 45129418065.1961.
OmanMSM 74357.1475.
Poland GPW 63350.00100.
NorwayOSE 2641447054.5548.613.261.281.98
UAEUAE 70452664.2957.783.361.381.98
BrazilBOVESPA 53931315558.0749.522.981.011.97
DenmarkCOPENHAGEN 172965855.8160.422.991.041.95
South KoreaKRX 137380547158.6358.512.820.901.93
Saudi ArabiaTADAWUL 61338420862.6454.172.620.701.92
FrancePARIS 135478942958.2754.372.720.801.92
TaiwanTWSE 2087135273264.7854.142.720.891.83
RussiaMICEX 17151288.2480.
The World 68707418342220760.9153.062.811.061.75
PhilippinesPSE 29120312369.7660.592.961.271.69
ChinaSZSE 2995174492558.2353.043.131.441.69
UKLSE 2780155982556.1252.882.691.031.66
SingaporeSGX 1931236663.7353.662.801.141.66
JordanASE 2414858.3357.142.140.501.64
USAMEX 51531716361.5551.422.821.191.63
JapanNAGOYA 39201051.2850.002.500.901.60
RussiaMICEX 3111799957.5655.312.440.871.57
TurkeyBIST 99862934163.0354.212.661.101.56
SwitzerlandSIX 62233.33100.001.500.001.50
JapanTOKYO 57983337171557.5551.392.541.071.46
ChinaSSE 179397547354.3848.512.751.291.46
SpainIBEX 2341598367.9552.202.401.031.37
Austria WIENERBORSE 76462760.5358.702.090.761.33
QatarQE 80512263.7543.142.240.921.31
AustraliaASX 111065930759.5546.442.951.631.31
CanadaTSX 2102123164658.5652.482.080.821.26
ThailandSET 138661.5475.
ChileBCS 104603257.6953.331.930.681.25
Greece ATHENS 85532462.3545.283.061.811.25
ItalyBORSA 1624107152265.9548.742.200.981.22
USNYSE 66804084199361.1448.802.060.851.21
MexicoBMV 31251480.6556.001.440.361.08
SwedenSTOCKHOLM 136246.1533.331.500.501.00
TaiwanGTSM 332100.0066.671.000.001.00
PortugalLISBON 76472661.8455.321.660.700.96
NetherlandsAMSTERDAM 38524712364.1649.801.630.710.92
JapanTOKYO 148657.1475.000.880.000.88
DenmarkCOPENHAGEN 157546.6771.430.860.000.86
GermanyXETRA 2116131161061.9646.531.650.810.85
BrazilBOVESPA 32191259.3863.161.210.420.79
USFOREX 34221464.7163.640.910.140.77
IndonesiaIDX 147450.0057.
PortugalLISBON 126250.0033.330.670.000.67
SwitzerlandSIX 66137317756.4347.451.470.810.66
NetherlandsAMSTERDAM 105150.0020.000.600.000.60
ItalyBORSA 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
Greece ATHENS 105150.0020.000.600.000.60
FrancePARIS 105150.0020.000.600.000.60
SpainIBEX 1710358.8230.000.600.000.60
GermanyXETRA 105150.0020.000.600.000.60
ChinaSSE 1710358.8230.000.800.200.60
CanadaTSX 159460.0044.440.780.220.56
ChileBCS 2411745.8363.640.730.180.55
USPREFERRED 4102249754.6343.301.000.480.52
South KoreaKOSDAQ 24161066.6762.500.690.250.44
Vietnam HOSE 33261578.7957.690.620.230.38
JapanFUKUOKA 86275.0033.331.000.670.33
IndiaNSE 98588.8962.500.500.250.25
UAEUAE 2813746.4353.850.310.080.23
PhilippinesPSE 1611368.7527.
PakistanKSE 127258.3328.570.290.140.14
IsraelTASE 147550.0071.430.430.290.14
BangladeshDSE 2616761.5443.750.380.250.13
SingaporeSGX 148457.1450.
MexicoBMV 2921868163.7043.551.261.160.11
Hong KongHKEX 1911657.8954.550.270.180.09
MalaysiaBURSA 2415662.5040.000.270.33-0.07
NorwayOSE 108380.0037.500.130.38-0.25
ArgentinaBUE 2111552.3845.450.450.73-0.27
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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