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 1/1/2019
Stock Exchange 
Per Trade 
Total Net% Descending
JapanFUKUOKA 171158.8210.002.710.002.71
TurkeyBIST 119581.8255.562.780.442.33
TaiwanGTSM 64366.6775.001.750.001.75
UKLSE 39251164.1044.001.560.281.28
ThailandSET 28171160.7164.711.290.181.12
SwedenSTOCKHOLM 2010450.0040.001.700.701.00
MexicoBMV 46342073.9158.821.240.290.94
JapanTOKYO 188644.4475.000.880.000.88
ChinaSSE 2817860.7147.
IndonesiaIDX 2614853.8557.140.930.290.64
SwitzerlandSIX 178647.0675.000.750.130.63
IsraelTASE 2313756.5253.851.000.380.62
USFOREX 45281562.2253.570.750.140.61
BrazilBOVESPA 48281558.3353.571.140.540.61
Greece ATHENS 1712570.5941.670.830.250.58
DenmarkCOPENHAGEN 2011755.0063.640.640.090.55
ItalyBORSA 1813672.2246.150.770.230.54
Austria WIENERBORSE 1813672.2246.150.770.230.54
FrancePARIS 1813672.2246.150.770.230.54
RussiaMICEX 37311583.7848.391.190.680.52
ChileBCS 3014946.6764.290.860.360.50
AustraliaASX 2314760.8750.000.790.360.43
CanadaTSX 1912663.1650.000.580.170.42
Vietnam HOSE 43301769.7756.670.630.230.40
PortugalLISBON 1913668.4246.150.620.230.38
NetherlandsAMSTERDAM 1712570.5941.670.580.250.33
South KoreaKOSDAQ 33211363.6461.900.520.190.33
GermanyXETRA 1712570.5941.670.580.250.33
BelgiumBRUSSELS 1712570.5941.670.580.250.33
Poland GPW 189750.0077.781.331.000.33
FOREXFOREX 43291167.4437.930.620.340.28
SpainIBEX 2619773.0836.840.530.260.26
EgyptEGX 1651157.581.
UAEUAE 3618950.0050.
PhilippinesPSE 2114466.6728.570.360.210.14
PakistanKSE 3117754.8441.180.350.240.12
Hong KongHKEX 2715755.5646.670.200.130.07
Vietnam HOSE 6113165.300.
FrancePARIS 17731159.730.
The World 82566119061561.501.
KuwaitKSE 1411153.191.330.030.000.03
PhilippinesPSE 2681165.300.570.020.000.02
TurkeyBIST 10351161.
AustraliaASX 15093264.
UKLSE 34961161.
USNASDAQ 52674262.
GermanyXETRA 39931164.
BangladeshDSE 5011172.850.
CanadaTSX 23372258.840.
TaiwanTWSE 22251163.780.
JapanNAGOYA 510056.860.
ItalyBORSA 23190064.680.
IndonesiaIDX 6250069.760.
IndiaNSE 19390063.
JordanASE 110072.730.
South KoreaKOSDAQ 15370062.
South KoreaKRX 13900061.870.
Saudi ArabiaTADAWUL 6840067.540.
QatarQE 1030061.
OmanMSM 62133.3350.000.500.500.00
MalaysiaBURSA 7290060.910.
MexicoBMV 4560066.
JapanTOKYO 58050060.
NetherlandsAMSTERDAM 6380065.990.
PakistanKSE 4390068.790.
IsraelTASE 10680059.740.
Hong KongHKEX 15130062.
Greece ATHENS 1290064.340.
ChileBCS 1180053.390.
ChinaSZSE 31810058.
ChinaSSE 24880057.640.
SpainIBEX 2310064.500.
Austria WIENERBORSE 1610062.730.
ArgentinaBUE 3370056.380.
BelgiumBRUSSELS 1900050.
CanadaCSE 1310058.
CanadaTSX-V 3480064.660.
BrazilBOVESPA 10200057.940.
SwitzerlandSIX 9510059.830.
Vietnam HNX 1930064.
USAMEX 8080057.670.
USOTC PINK 19190062.
USNYSE 79821059.960.
RussiaMICEX 3340059.580.
PortugalLISBON 590064.410.
Poland GPW 4280062.380.
SingaporeSGX 1740061.490.
NorwayOSE 3300058.480.
ThailandSET 7040066.480.
TaiwanGTSM 16960065.
IndiaBSE 29921064.810.
USPREFERRED 4501055.560.
SwedenSTOCKHOLM 13411061.
UAEUAE 801058.750.000.000.03-0.03
DenmarkCOPENHAGEN 1941059.790.000.000.04-0.04
MalaysiaBURSA 3019763.3336.840.320.37-0.05
BangladeshDSE 5031862.0025.810.290.35-0.06
IndiaNSE 1413692.8646.150.310.46-0.15
NorwayOSE 1913468.4230.770.150.38-0.23
SingaporeSGX 2214563.6435.710.210.50-0.29
ArgentinaBUE 3414541.1835.710.360.79-0.43
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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