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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
JapanFUKUOKA 171152.9411.
TurkeyBIST 119581.8255.562.780.442.33
TaiwanGTSM 64366.6775.001.750.001.75
UKLSE 39251164.1044.001.560.281.28
MexicoBMV 48362275.0061.111.500.281.22
ThailandSET 28171160.7164.711.290.181.12
Greece ATHENS 1712570.5941.671.170.250.92
ItalyBORSA 1813672.2246.
Austria WIENERBORSE 1813672.2246.
FrancePARIS 1813672.2246.
ChinaSSE 2817860.7147.
SwedenSTOCKHOLM 2111452.3836.361.550.730.82
ChileBCS 32161150.0068.751.130.310.81
JapanTOKYO 2010750.0070.000.700.000.70
PortugalLISBON 1913668.4246.150.920.230.69
BelgiumBRUSSELS 1712570.5941.670.920.250.67
GermanyXETRA 1712570.5941.670.920.250.67
IndonesiaIDX 2915951.7260.000.930.270.67
NetherlandsAMSTERDAM 1712570.5941.670.920.250.67
BrazilBOVESPA 51291656.8655.171.170.520.66
SwitzerlandSIX 178647.0675.000.750.130.63
IsraelTASE 2413754.1753.851.000.380.62
DenmarkCOPENHAGEN 2011755.0063.640.640.090.55
RussiaMICEX 37311583.7848.391.190.680.52
SpainIBEX 2619773.0836.840.740.260.47
CanadaTSX 2313756.5253.850.620.150.46
USFOREX 50311562.0048.390.680.230.45
Vietnam HOSE 43301769.7756.670.630.230.40
South KoreaKOSDAQ 34211361.7661.900.520.190.33
Poland GPW 189750.0077.781.331.000.33
AustraliaASX 2616861.5450.000.690.380.31
EgyptEGX 1811157.460.960.240.000.24
PakistanKSE 3319857.5842.110.420.260.16
FOREXFOREX 49331267.3536.360.550.390.15
UAEUAE 3820952.6345.
PhilippinesPSE 2114466.6728.570.360.210.14
Vietnam HOSE 5663161.660.
FrancePARIS 15893159.910.
The World 78040123563461.551.320.040.010.03
PhilippinesPSE 2291165.070.670.030.000.03
KuwaitKSE 1441159.721.
TurkeyBIST 9291162.970.
AustraliaASX 13773265.
USNYSE 73803259.590.
BangladeshDSE 4021171.640.350.010.000.01
USNASDAQ 48804262.600.
UKLSE 33001161.880.
CanadaTSX 20992258.
RussiaMICEX 3070057.650.
PortugalLISBON 550063.640.
Poland GPW 3890058.870.
SingaporeSGX 1480062.840.
NorwayOSE 3230058.820.
ThailandSET 6110065.470.
TaiwanGTSM 15090062.960.
TaiwanTWSE 19610063.
Vietnam HNX 1900064.
USOTC PINK 19950064.310.
USAMEX 7480058.
MalaysiaBURSA 6960060.490.
MexicoBMV 4230066.430.
JapanTOKYO 51460061.540.
NetherlandsAMSTERDAM 6110065.960.
PakistanKSE 3960068.940.
JapanNAGOYA 320059.380.
ItalyBORSA 21350065.
IndiaNSE 16880064.400.
IndonesiaIDX 5930067.960.
JordanASE 90066.670.
South KoreaKOSDAQ 14980060.950.
South KoreaKRX 13470059.910.
Saudi ArabiaTADAWUL 6000066.330.
QatarQE 970063.920.
OmanMSM 62133.3350.000.500.500.00
ChileBCS 1060055.660.
ChinaSZSE 30990057.760.
ChinaSSE 25790058.
GermanyXETRA 38560064.810.
SpainIBEX 2190063.
IsraelTASE 10170059.
Hong KongHKEX 13880062.610.
Hong KongHKEX 2917758.6241.
Greece ATHENS 1110061.
Austria WIENERBORSE 2230056.950.
ArgentinaBUE 3500055.430.
BelgiumBRUSSELS 1630053.370.
BrazilBOVESPA 10200057.840.
CanadaCSE 1360059.560.
CanadaTSX-V 3300063.640.
SwitzerlandSIX 8490060.
IndiaBSE 26691065.870.
USPREFERRED 4501055.560.
SwedenSTOCKHOLM 12591061.400.
DenmarkCOPENHAGEN 1961060.710.000.000.04-0.04
MalaysiaBURSA 3520857.1440.000.300.35-0.05
UAEUAE 772061.
BangladeshDSE 5132862.7525.000.280.38-0.09
IndiaNSE 1514693.3342.860.290.43-0.14
NorwayOSE 2215568.1833.330.130.40-0.27
SingaporeSGX 2214563.6435.710.210.50-0.29
ArgentinaBUE 3715540.5433.330.330.87-0.53
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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