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 48271856.2566.6714.632.3312.30
UAEUAE 62352456.4568.575.030.974.06
IndonesiaIDX 50834121767.1363.644.631.033.60
CanadaTSX-V 2191418164.3857.457.173.683.49
Hong KongHKEX 1657103258862.2856.984.631.173.46
EgyptEGX 103472545.6353.194.431.193.23
TurkeyBIST 97577.7871.433.570.433.14
IsraelTASE 70542824160.7156.313.981.062.92
BelgiumBRUSSELS 178985055.0651.023.890.992.90
JapanFUKUOKA 109490.0044.443.440.562.89
USOTC PINK 2148131368862.1051.575.022.152.88
South KoreaKOSDAQ 135682747460.9957.324.281.412.87
IndiaNSE 2050134077565.3757.843.991.202.79
PakistanKSE 41827115464.8356.834.011.272.74
NorwayOSE 2681588958.9656.333.661.092.57
ThailandSET 66945524968.0154.733.581.052.53
SwedenSTOCKHOLM 105359432956.4155.393.631.122.52
Vietnam HNX 127704655.1265.713.631.192.44
MalaysiaBURSA 70143224561.6356.713.471.042.44
BangladeshDSE 52636321969.0160.333.310.932.38
Poland GPW 41026916365.6160.593.581.262.32
IndiaBSE 32912111114964.1454.433.901.592.30
PhilippinesPSE 26417910567.8058.663.631.372.26
USNASDAQ 44692781145162.2352.183.461.282.18
UKLSE 2514756.0050.
TaiwanGTSM 1623108060866.5456.303.201.062.14
Poland GPW 73342.86100.
SwedenSTOCKHOLM 167343.7542.862.430.432.00
South KoreaKRX 125475042759.8156.932.981.021.97
TaiwanTWSE 2103132071162.7753.862.941.001.94
FrancePARIS 135178242757.8854.602.790.851.94
The World 67890414432186261.0852.733.021.141.88
TurkeyBIST 93458131462.2154.
ArgentinaBUE 146864458.9051.163.211.371.84
ChinaSZSE 32261916103059.3953.763.361.561.81
DenmarkCOPENHAGEN 1691016059.7659.413.131.331.80
Vietnam HOSE 44929718066.1560.612.851.101.74
UKLSE 2792158781956.8451.612.921.191.73
SingaporeSGX 1731065661.2752.833.061.371.69
JapanTOKYO 56863371175259.2951.972.741.111.63
ChinaSSE 2063115156655.7949.172.951.341.60
BrazilBOVESPA 62534316654.8848.402.891.391.50
USAMEX 54632315559.1647.992.591.111.49
Saudi ArabiaTADAWUL 67843322163.8651.042.300.831.47
USNYSE 65263939192060.3648.742.330.871.46
ItalyBORSA 1520101049666.4549.112.521.141.39
SpainIBEX 2271578369.1652.872.270.901.38
CanadaTSX 2085121161658.0350.912.280.911.37
GermanyXETRA 2193140971064.3050.352.210.841.37
RussiaMICEX 3101779157.1051.412.240.891.35
PortugalLISBON 68442564.7156.822.230.891.34
AustraliaASX 115771433861.7147.343.111.771.34
QatarQE 94552658.5147.272.090.781.31
MexicoBMV 2961818761.1548.072.431.181.25
USWARRANTS 74157.1425.006.004.751.25
ChinaSSE 2012560.0041.671.330.171.17
ChileBCS 101603259.4153.331.880.731.15
KuwaitKSE 64381659.3842.
NetherlandsAMSTERDAM 38625813966.8453.881.810.741.07
JapanNAGOYA 3917743.5941.182.351.291.06
MexicoBMV 35271677.1459.261.370.331.04
TaiwanGTSM 332100.0066.671.000.001.00
BrazilBOVESPA 39211353.8561.901.430.431.00
SwitzerlandSIX 115445.4580.
IsraelTASE 1810755.5670.001.300.301.00
SwitzerlandSIX 67939518058.1745.571.940.970.96
RussiaMICEX 27231485.1960.871.570.610.96
JapanTOKYO 148657.1475.000.880.000.88
DenmarkCOPENHAGEN 157546.6771.430.860.000.86
ThailandSET 1811761.1163.641.000.180.82
IndonesiaIDX 2010650.0060.
ChileBCS 2813946.4369.230.920.150.77
USPREFERRED 47024710752.5543.321.250.550.69
USFOREX 38251465.7956.000.800.120.68
FOREXFOREX 32221068.7545.450.770.180.59
PortugalLISBON 148357.1437.500.630.130.50
SpainIBEX 1912463.1633.330.580.080.50
CanadaTSX 1710558.8250.000.700.200.50
AustraliaASX 1712770.5958.330.920.420.50
Austria WIENERBORSE 56371566.0740.542.031.570.46
NetherlandsAMSTERDAM 127258.3328.570.570.140.43
ItalyBORSA 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
Austria WIENERBORSE 127258.3328.570.570.140.43
BelgiumBRUSSELS 127258.3328.570.570.140.43
South KoreaKOSDAQ 26181169.2361.110.610.220.39
Vietnam HOSE 37281575.6853.570.570.250.32
PakistanKSE 179352.9433.330.330.110.22
UAEUAE 3115748.3946.670.270.070.20
PhilippinesPSE 1711364.7127.
Greece ATHENS 85521861.1834.622.652.540.12
Hong KongHKEX 2112657.1450.
MalaysiaBURSA 2716759.2643.750.380.310.06
BangladeshDSE 3421761.7633.330.290.240.05
IndiaNSE 1110690.9160.000.400.400.00
OmanMSM 62133.3350.000.500.500.00
SingaporeSGX 1810455.5640.000.200.30-0.10
JordanASE 157346.6742.860.710.86-0.14
NorwayOSE 1610362.5030.000.100.30-0.20
ArgentinaBUE 2611542.3145.450.450.73-0.27
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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