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 45231551.1165.2212.222.269.96
UAEUAE 58332456.9072.735.330.794.55
USWARRANTS 53160.0033.338.004.333.67
IndonesiaIDX 48632320666.4663.784.691.053.64
Hong KongHKEX 1604100457262.5956.974.681.183.50
JapanFUKUOKA 98488.8950.003.880.503.38
TurkeyBIST 97577.7871.433.570.433.14
IsraelTASE 65639222359.7656.894.091.043.05
USOTC PINK 1920117762562.0352.485.122.093.04
PakistanKSE 38825314965.2158.894.281.253.04
CanadaTSX-V 1981217161.1158.686.773.743.02
South KoreaKOSDAQ 129578945961.1657.954.401.393.01
EgyptEGX 96432144.7948.844.281.302.98
IndiaNSE 1972128874465.3157.764.051.212.83
BelgiumBRUSSELS 170934654.7149.463.821.032.78
ThailandSET 63742623066.8853.993.611.012.60
NorwayOSE 2541457857.0953.793.661.082.58
MalaysiaBURSA 66240923661.7857.703.520.992.53
PhilippinesPSE 25717510668.0960.573.741.312.43
SwedenSTOCKHOLM 98455830256.7154.123.541.132.41
Vietnam HNX 116664456.9066.673.681.292.39
BangladeshDSE 52335821568.8359.723.310.932.38
IndiaBSE 31752030110563.9454.433.911.602.31
Poland GPW 39726115765.7460.153.571.282.29
USNASDAQ 43122684140062.2452.163.481.292.19
UKLSE 2514756.0050.
TaiwanGTSM 1562103257666.0755.813.181.052.13
Vietnam HOSE 43628918066.2862.
Poland GPW 73342.86100.
SwedenSTOCKHOLM 167343.7542.862.430.432.00
TaiwanTWSE 1989125167062.9053.563.001.002.00
FrancePARIS 129773439056.5953.132.830.871.96
DenmarkCOPENHAGEN 151885258.2859.093.301.351.94
South KoreaKRX 135881646060.0956.372.941.011.93
The World 65098396582089560.9552.663.051.131.92
TurkeyBIST 91756931262.0554.833.051.141.92
ChinaSZSE 3066182397059.4653.213.381.551.82
ArgentinaBUE 132784059.0951.283.221.401.82
UKLSE 2677150777456.2951.362.961.151.81
SingaporeSGX 1661015360.8452.483.101.381.72
JapanTOKYO 54813257169659.4252.072.771.101.67
BrazilBOVESPA 57532115955.8349.533.001.331.67
Austria WIENERBORSE 89513057.3058.822.390.751.65
Saudi ArabiaTADAWUL 62640020963.9052.252.400.771.63
USAMEX 52331215659.6650.002.681.081.59
USNYSE 62573783186760.4649.352.410.871.54
ItalyBORSA 143594045365.5148.192.581.071.51
ChinaSSE 1942108051655.6147.782.911.401.51
RussiaMICEX 3031739457.1054.342.360.861.50
CanadaTSX 1982115659858.3251.732.370.901.47
QatarQE 85532562.3547.172.150.791.36
AustraliaASX 109266431460.8147.293.151.791.36
GermanyXETRA 1990123558262.0647.132.220.901.32
SpainIBEX 2191547870.3250.652.260.951.31
KuwaitKSE 63351655.5645.712.431.141.29
ChileBCS 97563057.7353.571.930.751.18
ChinaSSE 2012560.0041.671.330.171.17
RussiaMICEX 25211484.0066.671.710.571.14
PortugalLISBON 65422364.6254.762.070.931.14
NetherlandsAMSTERDAM 36023311964.7251.071.890.791.10
SwitzerlandSIX 63736216556.8345.582.070.981.09
JapanNAGOYA 3817744.7441.182.351.291.06
MexicoBMV 35271677.1459.261.370.331.04
TaiwanGTSM 332100.0066.671.000.001.00
ThailandSET 1610762.5070.
BrazilBOVESPA 37211356.7661.901.430.431.00
SwitzerlandSIX 115445.4580.
IsraelTASE 1810755.5670.001.300.301.00
IndonesiaIDX 178547.0662.501.250.251.00
JapanTOKYO 148657.1475.000.880.000.88
DenmarkCOPENHAGEN 157546.6771.430.860.000.86
MexicoBMV 2831697659.7244.972.041.220.82
USFOREX 38251465.7956.000.800.120.68
ChileBCS 2712844.4466.670.830.170.67
AustraliaASX 1611768.7563.641.000.360.64
FOREXFOREX 32221068.7545.450.770.180.59
USPREFERRED 3912088853.2042.311.080.560.52
SpainIBEX 1912463.1633.330.580.080.50
CanadaTSX 1710558.8250.000.700.200.50
PortugalLISBON 148357.1437.500.630.130.50
JordanASE 179452.9444.441.110.670.44
NetherlandsAMSTERDAM 127258.3328.570.570.140.43
Austria WIENERBORSE 127258.3328.570.570.140.43
BelgiumBRUSSELS 127258.3328.570.570.140.43
GermanyXETRA 127258.3328.570.570.140.43
Greece ATHENS 127258.3328.570.570.140.43
FrancePARIS 127258.3328.570.570.140.43
ItalyBORSA 127258.3328.570.570.140.43
South KoreaKOSDAQ 26181169.2361.110.610.220.39
Vietnam HOSE 35271577.1455.560.590.220.37
PakistanKSE 178347.0637.500.380.130.25
IndiaNSE 109690.0066.670.440.220.22
UAEUAE 2914748.2850.
PhilippinesPSE 1611368.7527.
Greece ATHENS 84511860.7135.292.712.570.14
BangladeshDSE 3119761.2936.840.320.210.11
Hong KongHKEX 2011655.0054.550.270.180.09
MalaysiaBURSA 2716759.2643.750.380.310.06
OmanMSM 62133.3350.000.500.500.00
SingaporeSGX 1710458.8240.000.200.30-0.10
NorwayOSE 1610362.5030.000.100.30-0.20
ArgentinaBUE 2411545.8345.450.450.73-0.27
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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