BEARISH HANGING MAN
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.
BEARISH HANGING MAN
Definition
The pattern occurs at the top of a trend or during an uptrend. The name Hanging Man comes from the fact that the candlestick looks somewhat like a hanging man. 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 uptrend.
2. A small real 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 Hanging Man 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 the upper shadow is very small, or better nil. The top of the Hanging Man’s body should be above both of the two preceding white candlesticks.
Trader’s Behavior
The Hanging Man is a bearish reversal pattern. It signals a market top or a resistance level. Since it is seen after an advance, it signals that selling pressure is starting to increase. The long lower shadow indicates that the sellers pushed prices lower during the session. Even though the bulls regained their footing and drove prices higher by the finish, the appearance of this selling pressure after a rally is a serious warning signal. If the body is black, it shows that the close was not able to get back to the opening price level, which has potentially more bearish implications.
Sell/Stop Loss Levels
The confirmation level is defined as the midpoint of Hanging Man’s lower shadow. Prices should cross below this level for confirmation.

The stop loss level is defined as the higher of the last two highs. 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.
Title
Pattern Performance in Stock Exchanges since 1/1/2014
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
CanadaCSE 83237.5066.6711.671.0010.67
OmanMSM 76585.7183.336.501.335.17
KuwaitKSE 155333.3360.006.001.204.80
USOTC PINK 2102122668858.4256.035.711.614.10
Saudi ArabiaTADAWUL 115734763.4864.384.110.623.49
UAEUAE 58271646.5559.263.780.633.15
IndonesiaIDX 2521177046.4359.833.710.742.97
IndiaNSE 135464138047.3459.284.071.102.97
IndiaBSE 3201160590850.1456.574.381.652.73
PortugalLISBON 75402753.3367.503.030.402.63
TaiwanGTSM 92848329252.0560.463.280.732.55
JapanSAPPORO 64166.6725.002.500.002.50
USNASDAQ 46852321138149.5659.473.250.802.45
Hong KongHKEX 188790849748.1254.743.471.032.45
South KoreaKOSDAQ 2390118475349.5463.603.250.872.39
TurkeyBIST 3721569541.9460.902.980.622.36
ArgentinaBUE 115522845.2253.853.381.042.35
NorwayOSE 2841408650.0060.563.391.102.30
RussiaMICEX 2811257344.4858.403.150.902.25
BrazilBOVESPA 57626614846.5355.223.020.772.25
USAMEX 73239420953.8353.053.120.882.24
JapanFUKUOKA 256324.0050.002.670.502.17
ChinaSZSE 179381445545.4055.903.130.992.14
JordanASE 3414641.1842.862.860.792.07
CanadaTSX-V 1691005559.1755.004.772.722.05
EgyptEGX 100603060.0050.003.371.322.05
Austria WIENERBORSE 61116.67100.002.000.002.00
South KoreaKRX 2353117470849.8960.312.600.661.95
AustraliaASX 85943123550.1754.522.570.651.93
Greece ATHENS 139724151.8056.942.941.041.90
IsraelTASE 41620012348.3261.192.660.821.84
ChinaSSE 119856429847.0852.842.861.051.81
The World 64185315531752949.1855.532.640.841.80
QatarQE 80302137.5070.002.170.501.67
TaiwanTWSE 138668538749.4256.502.160.531.64
CanadaTSX 2036107760352.9055.992.190.601.58
SwedenSTOCKHOLM 100547425147.1652.952.480.971.51
USOTCBB 2412850.0066.674.172.671.50
UKLSE 3912181593946.4051.742.250.791.46
JapanTOKYO 62513109169649.7454.552.250.801.45
MalaysiaBURSA 4091899546.2150.262.430.981.44
DenmarkCOPENHAGEN 2311176250.6552.992.180.771.41
FrancePARIS 158977540448.8452.062.050.651.40
ItalyBORSA 154877841750.3253.532.160.761.39
GermanyXETRA 2133105955849.6552.692.030.641.39
SpainIBEX 2691277647.2159.842.311.121.20
NetherlandsAMSTERDAM 47322912348.4153.711.760.581.18
USNYSE 68033374178549.6052.901.670.511.16
BelgiumBRUSSELS 3531518442.7855.631.660.521.13
USAMEX 148657.1475.001.000.001.00
MexicoBMV 3121467946.7954.111.750.790.96
Austria WIENERBORSE 131724154.9656.941.570.650.92
SwitzerlandSIX 96550024151.8148.201.280.520.76
USWARRANTS 1810655.5660.002.501.900.60
JapanNAGOYA 88412046.5948.781.070.560.51
FOREXFOREX 82225.00100.000.500.000.50
USPREFERRED 121755926345.9347.050.810.330.48
SingaporeSGX 150803153.3338.751.311.030.29
TurkeyBIST 41025.000.000.001.00-1.00
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
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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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