BULLISH HAMMER
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 buying decisions.
BULLISH HAMMER
Definition
This pattern occurs at the bottom of a trend or during a downtrend and it is called a Hammer since it is hammering out of a bottom. It is a single candlestick pattern that has a long lower shadow and a small body at or very near the top of its daily trading range.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A small body at the upper end of the trading range is observed. The color of the body is not important.
3. The lower shadow of this candlestick is at least twice as long as the body.
4. There is (almost) no upper shadow.
Pattern Requirements and Flexibility
The body of the Hammer should be small. The lower shadow should be at least twice as long as the body, but not shorter than an average candlestick. It is desired that there is no or a very tiny upper shadow. The bottom of the Hammer’s body should be lower than both of the two preceding black candlesticks.
Trader’s Behavior
The Bullish Hammer appears in a downtrend and it sells off sharply following the market open. After the decline ceases, the market almost returns to the high of the day. Apparently the market fails to continue on the selling side. This observation reduces the previous bearish sentiment causing short traders to feel increasingly uneasy with their bearish positions. If the body of the Hammer is white, then the situation looks even better for the bulls.
Buy/Stop Loss Levels
The confirmation level is defined as the top of the Hammer’s body. Prices should cross above this level for confirmation.

The stop loss level is defined as the last low. Following the BUY, if prices go down instead of going up, and close or make two consecutive daily lows below the stop loss level, while no bearish pattern is detected, then the stop loss is triggered.
Title
Pattern Performance in Stock Exchanges since 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
ArgentinaBUE 79449831763.3563.026.901.275.64
TurkeyBIST 91053529358.7954.776.201.195.02
EgyptEGX 3171339041.9667.674.931.063.87
Vietnam HNX 4111848944.7748.375.151.483.67
IndiaBSE 38552069104153.8050.195.171.543.64
JapanFUKUOKA 166437.5066.674.080.493.58
OmanMSM 152213.33100.003.500.003.50
Poland GPW 2489120658948.4948.804.991.503.49
USOTCBB 106460.0066.674.000.673.33
South KoreaKOSDAQ 37251903103251.0954.234.411.163.25
MexicoBMV 67740722760.1255.774.501.313.19
CanadaTSX-V 82942719051.5144.506.733.603.13
UAEUAE 170894752.3552.813.970.893.08
USNASDAQ 77804603243959.2852.884.661.603.06
JordanASE 54291353.7044.834.481.492.99
SwedenSTOCKHOLM 42342350114955.5048.894.581.742.83
DenmarkCOPENHAGEN 35218910453.6955.033.921.112.80
MalaysiaBURSA 104154024651.8745.564.261.542.72
Hong KongHKEX 40472193103354.1947.104.441.732.71
IndiaNSE 1847105753557.5050.383.841.162.68
UKLSE 56892924164751.4256.313.731.102.63
IsraelTASE 2004103757551.7555.453.601.092.52
Greece ATHENS 2681527156.7246.713.861.362.51
BangladeshDSE 2841497352.4648.993.961.472.50
NorwayOSE 91351824956.7448.074.141.672.47
ThailandSET 98250022850.9245.603.501.052.45
PakistanKSE 42222711453.7950.223.651.222.43
USOTC PINK 3758209293257.3443.255.322.932.39
South KoreaKRX 36701947106753.1654.693.140.802.34
FrancePARIS 2810153788754.7357.673.170.842.33
ArgentinaBUE 20141070.0071.432.500.212.29
IndonesiaIDX 137868230949.4945.313.671.442.22
FOREXFOREX 52372171.1556.762.380.222.16
Vietnam HOSE 120160331550.2152.243.211.072.15
The World 129102731363871457.3552.293.271.132.14
TaiwanGTSM 2308118357351.4748.233.070.982.09
QatarQE 135683850.3755.882.950.872.08
TaiwanTWSE 2748157982257.4652.062.860.782.08
SpainIBEX 3091699254.6954.443.131.062.07
PhilippinesPSE 51324512747.7651.843.181.132.06
CanadaTSX 37122232122760.1354.972.910.922.00
Saudi ArabiaTADAWUL 69139121556.5854.992.550.601.95
ChinaSSE 45502508129555.1251.632.780.951.83
JapanTOKYO 95595573289858.3052.002.901.111.80
ChinaSZSE 47882611127954.5348.992.881.141.74
AustraliaASX 2548140768355.2248.543.321.611.71
USAMEX 137082941860.5150.422.681.031.65
KuwaitKSE 2461336554.0748.872.631.041.60
USNYSE 93325876327462.9755.722.430.851.58
Austria WIENERBORSE 3061829059.4849.452.721.171.55
BrazilBOVESPA 2311126166054.5752.342.601.071.53
ItalyBORSA 32092084111264.9453.362.330.811.52
SwitzerlandSIX 123376442462.0455.422.350.851.50
PortugalLISBON 75391752.0043.592.370.931.44
TaiwanGTSM 2112857.1466.671.670.251.42
IndiaNSE 2710737.0470.001.500.101.40
GermanyXETRA 50503404184067.4154.052.150.781.37
PakistanKSE 81382046.9152.631.610.291.32
IsraelTASE 2213759.0953.851.380.081.31
BelgiumBRUSSELS 2441317553.6957.252.030.761.27
ChileBCS 2301045045.2248.082.261.001.26
NetherlandsAMSTERDAM 82753228764.3353.952.010.771.24
Austria WIENERBORSE 25181572.0083.331.170.111.06
BangladeshDSE 237230.4328.571.290.291.00
ItalyBORSA 29201668.9780.001.050.100.95
FrancePARIS 29201668.9780.001.050.100.95
Greece ATHENS 29191565.5278.951.110.160.95
SwitzerlandSIX 1613881.2561.541.150.230.92
Hong KongHKEX 53311558.4948.391.160.260.90
PortugalLISBON 27191570.3778.951.000.160.84
NetherlandsAMSTERDAM 28201671.4380.000.900.100.80
BelgiumBRUSSELS 28201671.4380.000.900.100.80
GermanyXETRA 27191570.3778.950.890.110.79
MalaysiaBURSA 3520957.1445.000.850.100.75
SpainIBEX 30231676.6769.570.780.090.70
DenmarkCOPENHAGEN 37221659.4672.730.770.090.68
NorwayOSE 21151071.4366.670.800.130.67
IndonesiaIDX 2214863.6457.140.860.210.64
ChileBCS 79452256.9648.891.040.420.62
PhilippinesPSE 31211267.7457.140.810.240.57
SwedenSTOCKHOLM 3218756.2538.890.780.220.56
Poland GPW 1913968.4269.230.770.230.54
JapanTOKYO 49351771.4348.570.690.170.51
ThailandSET 3418852.9444.440.720.220.50
USFOREX 86412147.6751.220.630.170.46
CanadaCSE 3171506047.3240.004.864.400.46
JapanNAGOYA 104591856.7330.511.961.510.45
MexicoBMV 2917758.6241.180.710.350.35
SingaporeSGX 30181260.0066.670.390.060.33
SingaporeSGX 2431144546.9139.471.651.320.33
ChinaSSE 31191161.2957.890.530.210.32
UAEUAE 94451847.8740.000.690.380.31
UKLSE 32191159.3857.890.530.260.26
CanadaTSX 3120964.5245.000.450.200.25
Vietnam HOSE 54351764.8148.570.430.260.17
USPREFERRED 7561155.950.240.010.000.01
South KoreaKOSDAQ 2013765.0053.850.230.230.00
RussiaMICEX 5570054.580.000.000.000.00
USWARRANTS 1680045.830.000.000.000.00
BrazilBOVESPA 37281275.6842.860.570.71-0.14
RussiaMICEX 2515760.0046.670.801.00-0.20
TurkeyBIST 159260.0022.220.220.44-0.22
AustraliaASX 3321963.6442.860.100.62-0.52
JapanSAPPORO 41025.000.000.004.00-4.00
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 bulls.com© family websites

Disclaimers:

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 Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

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