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
CanadaCSE 132775258.3367.5310.742.358.39
CanadaTSX-V 32721213664.8364.157.652.485.17
Vietnam HNX 1751146565.1457.
USWARRANTS 54372068.5254.056.682.783.89
Hong KongHKEX 142387552661.4960.114.851.203.64
PhilippinesPSE 25716710864.9864.674.491.013.48
USOTC PINK 2252138071262.3950.685.682.483.20
SwedenSTOCKHOLM 126877645161.2058.
PakistanKSE 40628116869.2159.794.441.363.08
IndonesiaIDX 57139923969.8859.904.381.313.07
South KoreaKOSDAQ 133181748561.4659.294.341.293.05
UAEUAE 70412258.5753.663.900.853.05
JapanFUKUOKA 1710458.8240.003.500.503.00
ThailandSET 66244525967.2258.203.971.082.89
JordanASE 118572.7362.503.881.002.88
Poland GPW 40525416062.7262.994.021.302.72
MalaysiaBURSA 68141124460.3559.373.981.262.72
BangladeshDSE 46633821072.5362.133.731.112.62
ChileBCS 103583656.3162.073.310.722.59
EgyptEGX 123744260.1656.763.731.152.58
IndiaBSE 2696174398564.6956.484.001.452.55
USNASDAQ 48673023160362.1153.033.771.322.45
KuwaitKSE 128693953.9156.523.190.802.39
TurkeyBIST 119581.8255.562.780.442.33
IndiaNSE 1732110962464.0356.273.601.302.30
IsraelTASE 96557229959.2752.273.391.112.27
ChinaSZSE 2961170298757.4857.993.431.182.25
TurkeyBIST 92156430961.2454.793.391.172.22
NorwayOSE 2921698857.8852.073.711.512.20
SpainIBEX 2201448065.4555.563.010.842.17
Vietnam HOSE 55236119465.4053.743.201.072.12
SingaporeSGX 1671055562.8752.383.060.962.10
Saudi ArabiaTADAWUL 62342023567.4255.952.590.651.94
BelgiumBRUSSELS 182904349.4547.782.770.841.92
TaiwanGTSM 1537100855665.5855.162.961.041.92
AustraliaASX 142190543963.6948.513.471.601.87
TaiwanTWSE 2044130270263.7053.922.770.901.87
The World 77506474462505361.2552.772.931.071.87
South KoreaKRX 124777542162.1554.322.891.051.84
UKLSE 3112188499260.5452.652.901.081.82
QatarQE 92572861.9649.122.560.741.82
FrancePARIS 159493349958.5353.482.610.801.81
TaiwanGTSM 64366.6775.001.750.001.75
JapanTOKYO 54613261176959.7154.252.701.011.69
ChinaSSE 2041114258755.9551.402.621.091.53
CanadaTSX 2180125264257.4351.282.501.001.50
MexicoBMV 41427313465.9449.083.031.571.47
UKLSE 37231062.1643.481.700.261.43
BrazilBOVESPA 89951425057.1748.642.691.281.41
RussiaMICEX 3051848760.3347.282.330.971.36
USNYSE 70764269203160.3347.582.180.891.29
GermanyXETRA 33472130109963.6451.602.030.761.28
NetherlandsAMSTERDAM 54135618565.8051.971.940.721.22
ItalyBORSA 2059133162164.6446.662.130.951.18
DenmarkCOPENHAGEN 1931165960.1050.862.631.481.15
ThailandSET 25171168.0064.711.290.181.12
Austria WIENERBORSE 153994964.7149.492.701.651.05
SwitzerlandSIX 87851424758.5448.
SwedenSTOCKHOLM 1910452.6340.001.700.701.00
USAMEX 70140117557.2043.642.191.210.97
MexicoBMV 46342073.9158.821.240.290.94
USPREFERRED 4122289755.3442.541.430.560.88
JapanTOKYO 188644.4475.000.880.000.88
ChinaSSE 2716759.2643.751.000.190.81
ArgentinaBUE 2911627455.6745.682.561.830.72
PortugalLISBON 55371767.2745.951.811.160.65
IndonesiaIDX 2614853.8557.140.930.290.64
BrazilBOVESPA 46261456.5253.851.190.580.62
IsraelTASE 2313756.5253.851.000.380.62
USFOREX 44281563.6453.570.750.140.61
SwitzerlandSIX 167543.7571.430.710.140.57
RussiaMICEX 35291482.8648.281.240.690.55
DenmarkCOPENHAGEN 1910652.6360.000.600.100.50
ChileBCS 3014946.6764.290.860.360.50
AustraliaASX 2114766.6750.000.790.360.43
CanadaTSX 1912663.1650.000.580.170.42
Vietnam HOSE 41301773.1756.670.630.230.40
ItalyBORSA 1510366.6730.000.700.300.40
Greece ATHENS 1510366.6730.000.700.300.40
FrancePARIS 1510366.6730.000.700.300.40
Austria WIENERBORSE 1510366.6730.000.700.300.40
South KoreaKOSDAQ 29191265.5263.160.580.210.37
Greece ATHENS 123803165.0438.751.881.540.34
PortugalLISBON 1610362.5030.000.500.300.20
UAEUAE 3618950.0050.
PhilippinesPSE 2114466.6728.570.360.210.14
SpainIBEX 2316469.5725.000.440.310.13
PakistanKSE 2916755.1743.750.380.250.13
NetherlandsAMSTERDAM 149264.2922.220.440.330.11
BelgiumBRUSSELS 149264.2922.220.440.330.11
GermanyXETRA 149264.2922.220.440.330.11
Hong KongHKEX 2715755.5646.670.200.130.07
FOREXFOREX 41271065.8537.040.630.630.00
OmanMSM 62133.3350.000.500.500.00
JapanNAGOYA 48271156.2540.742.782.780.00
MalaysiaBURSA 3019763.3336.840.320.37-0.05
BangladeshDSE 4831864.5825.810.290.35-0.06
SingaporeSGX 2113561.9038.460.230.31-0.08
IndiaNSE 1413692.8646.150.310.46-0.15
Poland GPW 167543.7571.431.001.29-0.29
NorwayOSE 1812366.6725.000.080.42-0.33
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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