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 1/1/2017
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 41221553.6668.1812.861.8211.05
UAEUAE 57332457.8972.735.330.794.55
TurkeyBIST 76585.7183.334.170.174.00
USWARRANTS 63150.0033.338.004.333.67
USOTC PINK 1795110160462.0654.225.571.913.66
Hong KongHKEX 150793553762.0457.434.781.163.62
IndonesiaIDX 46731220066.8164.104.701.083.62
CanadaTSX-V 1801126962.2261.616.953.383.56
JapanFUKUOKA 118472.7350.003.880.503.38
IsraelTASE 60936221259.4458.564.200.913.30
EgyptEGX 90402044.4450.004.551.303.25
PakistanKSE 37524514565.3359.184.351.273.08
South KoreaKOSDAQ 126077045161.1158.574.471.403.06
IndiaNSE 1916125973365.7158.
BelgiumBRUSSELS 161884354.6648.863.891.092.80
Poland GPW 37425015366.8461.203.720.972.75
ThailandSET 60041022468.3354.633.670.962.71
MalaysiaBURSA 61337521661.1757.603.610.972.64
SwedenSTOCKHOLM 92752728856.8554.653.661.042.62
NorwayOSE 2451397456.7353.243.540.962.58
IndiaBSE 31001983109263.9755.074.051.542.51
BangladeshDSE 52536221868.9560.223.340.932.41
PhilippinesPSE 24717010368.8360.593.711.352.36
TaiwanGTSM 145397555767.1057.133.321.022.30
USNASDAQ 41242576135062.4652.413.511.242.27
Vietnam HNX 110634257.2766.673.541.302.24
ArgentinaBUE 119714059.6656.343.241.012.23
DenmarkCOPENHAGEN 141824958.1659.763.441.272.17
FrancePARIS 119968737257.3054.152.980.822.16
TaiwanTWSE 1868118064663.1754.753.080.942.14
UKLSE 2514756.0050.
Vietnam HOSE 40727217066.8362.503.181.102.08
South KoreaKRX 126875243359.3157.583.071.002.08
The World 62649382692035961.1153.
Poland GPW 73342.86100.
SwedenSTOCKHOLM 157346.6742.862.430.432.00
TurkeyBIST 88355230162.5154.533.121.141.99
ChinaSZSE 2876172691660.0153.073.441.561.88
UKLSE 2534142574756.2452.422.991.151.84
Saudi ArabiaTADAWUL 57937720365.1153.852.540.731.82
BrazilBOVESPA 51229614657.8149.323.011.201.81
JapanTOKYO 52493115163159.3452.362.811.061.75
ChinaSSE 1798100348755.7848.553.061.371.69
USAMEX 48529215060.2151.372.801.121.68
JapanNAGOYA 3515742.8646.672.671.001.67
Austria WIENERBORSE 70392355.7158.972.280.621.67
SwitzerlandSIX 93333.33100.001.670.001.67
KuwaitKSE 54321659.2650.002.661.001.66
AustraliaASX 103162529560.6247.203.221.561.65
RussiaMICEX 2811638858.0153.992.410.791.63
ItalyBORSA 133988243165.8748.872.711.091.62
SingaporeSGX 155974962.5850.523.031.421.61
USNYSE 60213671179760.9948.942.440.861.58
CanadaTSX 1866109256458.5251.652.410.841.57
QatarQE 75502466.6748.002.260.761.50
GermanyXETRA 1801113353862.9147.482.290.851.43
SpainIBEX 2181527869.7251.322.330.931.39
SwitzerlandSIX 58833716057.3147.482.160.851.31
ThailandSET 159760.0077.781.220.001.22
IsraelTASE 169756.2577.781.440.221.22
ChileBCS 92522856.5253.851.960.771.19
NetherlandsAMSTERDAM 33421911165.5750.681.950.761.19
ChinaSSE 1912563.1641.671.330.171.17
MexicoBMV 33261578.7957.691.420.351.08
TaiwanGTSM 332100.0066.671.000.001.00
RussiaMICEX 24211487.5066.671.570.571.00
IndonesiaIDX 168550.0062.501.250.251.00
MexicoBMV 2571527059.1446.
JapanTOKYO 148657.1475.000.880.000.88
DenmarkCOPENHAGEN 157546.6771.430.860.000.86
BrazilBOVESPA 34191255.8863.161.260.420.84
USFOREX 36241466.6758.330.830.130.71
ChileBCS 2612846.1566.670.830.170.67
Greece ATHENS 77481862.3437.503.002.400.60
FOREXFOREX 2920968.9745.000.750.150.60
AustraliaASX 1410671.4360.001.000.400.60
PortugalLISBON 59392166.1053.851.440.850.59
USPREFERRED 3752038854.1343.351.040.510.53
CanadaTSX 1710558.8250.000.700.200.50
SpainIBEX 1811361.1127.270.550.090.45
JordanASE 169456.2544.441.110.670.44
PortugalLISBON 137253.8528.570.570.140.43
South KoreaKOSDAQ 25171168.0064.710.650.240.41
Vietnam HOSE 34271579.4155.560.590.220.37
Austria WIENERBORSE 116154.5516.670.500.170.33
BelgiumBRUSSELS 116154.5516.670.500.170.33
GermanyXETRA 116154.5516.670.500.170.33
Greece ATHENS 116154.5516.670.500.170.33
FrancePARIS 116154.5516.670.500.170.33
ItalyBORSA 116154.5516.670.500.170.33
NetherlandsAMSTERDAM 116154.5516.670.500.170.33
PakistanKSE 158353.3337.500.380.130.25
IndiaNSE 98588.8962.500.500.250.25
UAEUAE 2914748.2850.
PhilippinesPSE 1611368.7527.
BangladeshDSE 2818764.2938.890.330.220.11
Hong KongHKEX 2011655.0054.550.270.180.09
MalaysiaBURSA 2716759.2643.750.380.310.06
SingaporeSGX 169456.2544.440.220.220.00
OmanMSM 62133.3350.000.500.500.00
NorwayOSE 1610362.5030.000.100.30-0.20
ArgentinaBUE 2211550.0045.450.450.73-0.27
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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