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 1/1/2021
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 129755158.1468.0011.102.728.38
Vietnam HNX 2141336962.1551.885.561.563.99
CanadaTSX-V 32621212765.0359.916.913.183.73
IndonesiaIDX 69546027166.1958.914.381.183.20
Hong KongHKEX 1618101757162.8656.154.691.513.18
SwedenSTOCKHOLM 148189851460.6357.244.441.323.12
South KoreaKOSDAQ 1758110664062.9157.874.341.323.02
PhilippinesPSE 2511659965.7460.003.850.932.93
USNASDAQ 58533818204765.2353.614.101.452.65
ChinaSZSE 39152348137459.9758.523.811.172.64
ThailandSET 70746226265.3556.713.821.202.62
USOTC PINK 2499157076963.8748.184.952.392.56
BelgiumBRUSSELS 1821035756.5955.343.260.722.54
JordanASE 97377.7842.863.841.342.51
BangladeshDSE 45733520073.3059.703.761.282.48
PakistanKSE 49832919666.0659.573.761.312.45
NorwayOSE 39424413361.9354.514.161.772.39
TurkeyBIST 119581.8255.562.780.442.33
MalaysiaBURSA 75146125261.3854.663.541.212.33
JapanFUKUOKA 1710358.8230.002.880.642.24
IsraelTASE 123471536957.9451.613.321.152.17
Vietnam HOSE 69043022462.3252.
ChileBCS 129753958.1452.
IndiaNSE 2332147580763.2554.713.241.251.99
DenmarkCOPENHAGEN 2281509265.7961.333.211.251.95
Saudi ArabiaTADAWUL 73147327864.7158.772.700.761.94
SingaporeSGX 1851055756.7654.
AustraliaASX 1593103149164.7247.623.501.571.94
QatarQE 137855062.0458.822.590.681.91
ArgentinaBUE 148753650.6848.004.272.371.90
ChinaSSE 33412025111960.6155.262.941.071.86
UAEUAE 100592959.0049.152.790.961.83
FrancePARIS 1817113458062.4151.152.700.941.77
TaiwanGTSM 64366.6775.001.750.001.75
TurkeyBIST 120675537262.6049.273.241.491.75
South KoreaKRX 163498151060.0451.992.861.121.75
TaiwanGTSM 1771114562164.7754.142.801.071.73
IndiaBSE 35672306121164.6552.523.361.641.73
The World 93398576572997862.2551.572.851.131.72
SpainIBEX 2711638760.1553.372.620.951.68
UKLSE 40602507123461.7549.222.821.151.67
TaiwanTWSE 2427154982863.8253.452.621.001.62
EgyptEGX 2991738757.8650.293.271.681.59
CanadaTSX 2445144376759.0253.152.591.011.58
USAMEX 95155925958.7846.332.751.171.58
JapanTOKYO 61263776204561.6454.162.631.071.57
Poland GPW 45726614958.2156.023.001.591.41
UKLSE 40251162.5044.001.560.281.28
ItalyBORSA 2543166979265.6747.432.240.981.26
MexicoBMV 54422677.7861.901.500.241.26
Austria WIENERBORSE 2521427256.3550.702.751.531.23
BrazilBOVESPA 137479937658.1547.062.441.241.20
ThailandSET 36211458.3366.671.380.191.19
SwedenSTOCKHOLM 2312552.1741.671.830.671.17
IsraelTASE 2615957.6960.001.470.331.13
USNYSE 86255279249161.2147.
MexicoBMV 47631714866.6046.692.941.821.12
ChinaSSE 34221064.7145.451.230.181.05
PortugalLISBON 63402363.4957.501.950.911.04
KuwaitKSE 1761054859.6645.711.920.940.98
ChileBCS 43201546.5175.
GermanyXETRA 46213029145765.5548.101.830.900.93
SwitzerlandSIX 100661527261.1344.231.891.150.74
Greece ATHENS 2114566.6735.711.000.290.71
BrazilBOVESPA 53301756.6056.671.200.500.70
JapanTOKYO 2010750.0070.000.700.000.70
NetherlandsAMSTERDAM 74549523866.4448.081.640.980.67
Austria WIENERBORSE 2215668.1840.000.930.270.67
ItalyBORSA 2316669.5737.500.880.250.63
FrancePARIS 2316669.5737.500.880.250.63
SwitzerlandSIX 1910852.6380.000.700.100.60
DenmarkCOPENHAGEN 2312852.1766.670.670.080.58
CanadaTSX 2514856.0057.140.710.140.57
JapanNAGOYA 3621958.3342.863.603.060.54
PortugalLISBON 2215668.1840.000.800.270.53
IndonesiaIDX 35171048.5758.820.820.290.53
AustraliaASX 3019963.3347.370.950.420.53
RussiaMICEX 42311573.8148.391.190.680.52
NetherlandsAMSTERDAM 2316669.5737.500.750.250.50
BelgiumBRUSSELS 2316669.5737.500.750.250.50
USFOREX 52331763.4651.520.700.210.48
GermanyXETRA 2215568.1833.330.730.270.47
Vietnam HOSE 46311867.3958.060.650.230.42
Poland GPW 2111852.3872.731.180.820.36
Greece ATHENS 133773357.8942.861.981.670.31
SpainIBEX 3323769.7030.430.610.300.30
FOREXFOREX 49311263.2738.710.580.320.26
PakistanKSE 35211060.0047.620.480.240.24
South KoreaKOSDAQ 40261565.0057.690.420.230.19
UAEUAE 41221053.6645.450.270.090.18
SingaporeSGX 2517668.0035.290.590.410.18
IndiaNSE 2218981.8250.000.500.330.17
NorwayOSE 2417670.8335.290.470.350.12
PhilippinesPSE 2517568.0029.410.290.240.06
Hong KongHKEX 3420958.8245.
OmanMSM 62133.3350.000.500.500.00
MalaysiaBURSA 46281160.8739.290.360.360.00
RussiaMICEX 2680059.330.
USPREFERRED 4501055.560.
BangladeshDSE 5535963.6425.710.290.34-0.06
ArgentinaBUE 4819539.5826.320.260.74-0.47
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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