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 1/1/2018
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 80452756.2560.0011.583.717.87
CanadaTSX-V 2491609864.2661.257.143.483.66
IndonesiaIDX 48734221070.2361.404.601.263.35
JapanFUKUOKA 1410571.4350.003.600.503.10
Hong KongHKEX 141385950360.7958.564.181.133.05
South KoreaKOSDAQ 121373643960.6859.654.291.322.97
ThailandSET 63542824767.4057.713.850.952.89
UAEUAE 54301655.5653.334.171.332.83
PhilippinesPSE 25116210464.5464.204.271.442.83
USOTC PINK 2001122262361.0750.985.282.472.81
TurkeyBIST 108580.0062.503.130.382.75
PakistanKSE 36422913362.9158.083.971.272.70
Poland GPW 36923915164.7763.183.751.122.63
BangladeshDSE 48332920168.1261.093.500.962.54
IndiaNSE 1771113164263.8656.763.761.222.54
SwedenSTOCKHOLM 107062333658.2253.933.721.312.41
MalaysiaBURSA 61937821161.0755.823.491.122.38
IsraelTASE 74543022357.7251.863.531.202.34
BelgiumBRUSSELS 162884654.3252.273.321.002.32
NorwayOSE 2431437358.8551.053.801.562.24
IndiaBSE 2817179798963.7955.043.711.542.17
SwedenSTOCKHOLM 167343.7542.862.430.432.00
EgyptEGX 81351843.2151.433.231.232.00
USNASDAQ 43282644135761.0951.323.391.401.99
DenmarkCOPENHAGEN 163925356.4457.613.331.421.90
South KoreaKRX 112566537259.2055.862.870.981.89
QatarQE 83542765.0650.002.670.801.87
TaiwanGTSM 146098653067.5353.752.821.031.79
TurkeyBIST 84753427463.0551.313.011.231.78
TaiwanTWSE 1924122064363.4152.702.711.001.71
The World 68168410672133960.2651.952.841.151.69
UKLSE 2643148676756.3051.552.831.171.66
ChinaSZSE 2982175994158.9953.503.051.391.66
UKLSE 2717862.9647.061.880.241.65
FrancePARIS 126872238456.9453.192.560.941.62
JapanTOKYO 52683086160458.5851.982.751.151.59
AustraliaASX 120573734561.1646.813.341.751.59
Poland GPW 84450.00100.001.500.001.50
SpainIBEX 2071417068.1249.652.480.991.50
ChileBCS 98573158.1654.392.180.681.49
Vietnam HOSE 44828516363.6257.192.581.101.48
Saudi ArabiaTADAWUL 64340320562.6750.872.400.941.46
BrazilBOVESPA 65235516554.4546.482.891.471.42
ArgentinaBUE 1771015157.0650.503.041.631.41
ChinaSSE 1971109955255.7650.232.641.281.35
USNYSE 61773666174259.3747.502.230.961.28
KuwaitKSE 70381854.2947.372.291.031.26
ChinaSSE 2112557.1441.671.330.171.17
MexicoBMV 3041829259.8750.552.591.471.13
PortugalLISBON 54341662.9647.062.060.971.09
SwitzerlandSIX 67138818557.8247.682.040.971.07
ItalyBORSA 147195345064.8547.
GermanyXETRA 2202136566462.1348.541.950.921.04
MexicoBMV 38301878.9560.001.370.331.03
NetherlandsAMSTERDAM 38525413365.9752.361.830.821.01
USAMEX 53730914357.5446.282.571.571.00
IsraelTASE 1910752.6370.001.300.301.00
SingaporeSGX 145854358.6250.592.271.271.00
TaiwanGTSM 43275.0066.671.000.001.00
RussiaMICEX 3101697954.5246.751.950.980.97
BrazilBOVESPA 41231456.1060.871.350.430.91
CanadaTSX 1911107852656.4148.792.011.120.89
RussiaMICEX 30241480.0058.331.500.630.88
JapanTOKYO 148657.1475.000.880.000.88
DenmarkCOPENHAGEN 167543.7571.430.860.000.86
IndonesiaIDX 2212754.5558.331.080.250.83
ChileBCS 2813946.4369.230.920.150.77
ThailandSET 2012860.0066.670.920.170.75
Vietnam HNX 100583158.0053.452.031.330.71
USFOREX 38251465.7956.000.800.120.68
SwitzerlandSIX 126450.0066.670.830.170.67
AustraliaASX 1812766.6758.330.920.420.50
CanadaTSX 1710558.8250.000.700.200.50
Greece ATHENS 87511958.6237.252.431.960.47
FOREXFOREX 34251073.5340.000.680.240.44
South KoreaKOSDAQ 27181166.6761.110.610.220.39
SpainIBEX 2013465.0030.770.540.150.38
USPREFERRED 4382339053.2038.631.000.650.34
PortugalLISBON 159360.0033.330.560.220.33
Vietnam HOSE 38281573.6853.570.570.250.32
NetherlandsAMSTERDAM 138261.5425.000.500.250.25
FrancePARIS 138261.5425.000.500.250.25
ItalyBORSA 138261.5425.000.500.250.25
Austria WIENERBORSE 138261.5425.000.500.250.25
BelgiumBRUSSELS 138261.5425.000.500.250.25
GermanyXETRA 138261.5425.000.500.250.25
Greece ATHENS 138261.5425.000.500.250.25
PakistanKSE 179352.9433.330.330.110.22
Austria WIENERBORSE 86572566.2843.861.891.680.21
UAEUAE 3215746.8846.670.270.070.20
PhilippinesPSE 1711364.7127.
Hong KongHKEX 2212654.5550.
MalaysiaBURSA 2716759.2643.750.380.310.06
BangladeshDSE 3723862.1634.780.260.260.00
IndiaNSE 1110690.9160.000.400.400.00
OmanMSM 62133.3350.000.500.500.00
SingaporeSGX 1911457.8936.360.180.27-0.09
NorwayOSE 1610362.5030.000.100.30-0.20
ArgentinaBUE 2812542.8641.670.420.67-0.25
JordanASE 126250.0033.330.671.00-0.33
JapanNAGOYA 47241051.0641.672.253.38-1.13
USWARRANTS 1911457.8936.364.455.82-1.36
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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