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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 131815161.8362.9610.693.257.44
CanadaTSX-V 33120813162.8462.987.422.135.29
Vietnam HNX 2081357264.9053.335.441.563.88
Hong KongHKEX 151995355162.7457.825.101.393.71
South KoreaKOSDAQ 1634100359361.4459.064.461.223.24
SwedenSTOCKHOLM 139184349260.6058.364.411.193.22
IndonesiaIDX 65744425867.5858.114.391.313.08
ThailandSET 66442725164.3158.784.061.132.94
USNASDAQ 53933420184063.4253.804.241.352.90
PhilippinesPSE 23815610065.5564.103.610.822.79
PakistanKSE 43730117868.8859.144.031.332.70
USOTC PINK 2258142572064.0449.795.052.372.68
JapanFUKUOKA 199447.3744.443.290.612.68
JordanASE 107370.0042.863.851.212.63
BangladeshDSE 43030918671.8660.193.841.282.56
MalaysiaBURSA 74545225260.6755.753.761.262.50
ChileBCS 121693957.0256.523.400.992.41
Vietnam HOSE 64940421762.2553.713.391.062.33
TurkeyBIST 119581.8255.562.780.442.33
IndiaNSE 2058131673564.0955.723.501.252.24
IsraelTASE 113666434558.4551.963.231.042.19
SingaporeSGX 1631015861.9657.433.331.142.19
Saudi ArabiaTADAWUL 66744627366.8761.212.830.662.17
ChinaSZSE 34852050119558.8258.
NorwayOSE 36120610357.8949.283.811.682.13
BelgiumBRUSSELS 182954852.2050.533.000.902.10
IndiaBSE 32622124115265.1454.213.631.542.09
South KoreaKRX 148089748960.6154.522.981.021.95
TaiwanGTSM 1656104557863.2255.
AustraliaASX 148496946965.3048.403.531.641.89
Poland GPW 43625414458.2656.693.381.481.89
TurkeyBIST 106166634862.7752.253.341.461.89
The World 86558531622793861.7952.232.891.111.79
TaiwanTWSE 2180136974762.8054.572.761.001.76
TaiwanGTSM 64366.6775.001.750.001.75
EgyptEGX 2321346957.7651.493.261.561.71
UKLSE 37382322117062.1250.392.871.161.70
QatarQE 117744063.2554.052.470.791.67
CanadaTSX 2286133971058.5753.022.701.051.65
ChinaSSE 2962177796259.9954.142.721.081.65
JapanTOKYO 56653467185361.2053.452.701.061.64
SpainIBEX 2491578163.0551.592.580.941.63
MexicoBMV 44829415365.6352.043.331.711.62
RussiaMICEX 2671587459.1846.842.410.841.57
UAEUAE 90552561.1145.452.530.981.55
FrancePARIS 1732105754761.0351.752.360.831.53
DenmarkCOPENHAGEN 2161357662.5056.302.831.371.46
USAMEX 85049723058.4746.282.611.241.37
KuwaitKSE 1631004861.3548.002.210.881.34
UKLSE 40251162.5044.001.560.281.28
MexicoBMV 49372375.5162.161.510.271.24
BrazilBOVESPA 118168034057.5850.002.451.211.24
ThailandSET 31191361.2968.421.370.161.21
USNYSE 81074894236560.3748.322.190.981.20
SwedenSTOCKHOLM 2212554.5541.671.830.671.17
ItalyBORSA 2361154274365.4048.122.130.961.17
PortugalLISBON 63392161.9053.852.000.971.03
NetherlandsAMSTERDAM 68545723366.7250.981.850.890.96
ChinaSSE 32211065.6347.621.100.140.95
GermanyXETRA 42772765134964.6548.791.840.890.95
Austria WIENERBORSE 2351326556.1749.242.541.640.89
ArgentinaBUE 4262199551.4143.383.042.150.89
IsraelTASE 2615957.6960.001.200.330.87
Greece ATHENS 1913568.4238.461.080.230.85
FrancePARIS 2014670.0042.861.000.210.79
Austria WIENERBORSE 2014670.0042.861.000.210.79
ItalyBORSA 2014670.0042.861.000.210.79
ChileBCS 35171248.5770.591.060.290.76
JapanTOKYO 2010750.0070.000.700.000.70
BrazilBOVESPA 52301757.6956.671.200.500.70
SwitzerlandSIX 91956024960.9444.461.891.210.68
PortugalLISBON 2014670.0042.860.860.210.64
IndonesiaIDX 30161053.3362.500.880.250.63
SwitzerlandSIX 188644.4475.000.750.130.63
BelgiumBRUSSELS 1913568.4238.460.850.230.62
GermanyXETRA 1913568.4238.460.850.230.62
NetherlandsAMSTERDAM 1913568.4238.460.850.230.62
Greece ATHENS 123743160.1641.892.061.500.57
DenmarkCOPENHAGEN 2111752.3863.640.640.090.55
CanadaTSX 2313756.5253.850.690.150.54
RussiaMICEX 42311573.8148.391.190.680.52
USFOREX 50311562.0048.390.680.230.45
AustraliaASX 3019963.3347.370.840.420.42
Vietnam HOSE 44311870.4558.060.650.230.42
Poland GPW 2010850.0080.001.300.900.40
SpainIBEX 3022773.3331.820.640.270.36
FOREXFOREX 51341366.6738.240.710.380.32
South KoreaKOSDAQ 35221362.8659.090.500.230.27
PakistanKSE 3319857.5842.110.420.260.16
UAEUAE 3820952.6345.
NorwayOSE 2316669.5737.500.500.380.13
SingaporeSGX 2416666.6737.500.500.440.06
PhilippinesPSE 2316469.5725.000.310.250.06
Hong KongHKEX 3018860.0044.440.220.220.00
OmanMSM 62133.3350.000.500.500.00
USPREFERRED 4501055.560.
MalaysiaBURSA 42261061.9038.460.310.35-0.04
BangladeshDSE 5333862.2624.240.270.36-0.09
IndiaNSE 1715688.2440.000.270.40-0.13
ArgentinaBUE 4216538.1031.250.310.81-0.50
JapanNAGOYA 3318854.5544.442.473.38-0.91
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


Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither LLC, nor makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only. is an independent and free website and all the Services provided by LLC at are completely free of charge. LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that and LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.