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 73242.8666.6711.671.0010.67
OmanMSM 76585.7183.336.501.335.17
KuwaitKSE 145335.7160.006.001.204.80
USOTC PINK 2018117566158.3356.165.761.614.14
Saudi ArabiaTADAWUL 112704562.5064.294.230.633.60
IndonesiaIDX 2421146847.1159.653.800.753.04
IndiaNSE 132062336647.2058.754.131.123.01
UAEUAE 56261546.4357.693.500.652.85
IndiaBSE 3113156088850.1156.924.441.652.80
PortugalLISBON 72392754.1769.233.130.412.72
CanadaTSX-V 160935358.1356.994.742.112.63
TaiwanGTSM 89546727752.1859.313.280.732.55
JapanSAPPORO 64166.6725.002.500.002.50
South KoreaKOSDAQ 2290112971149.3062.983.320.872.45
USNASDAQ 45462229131849.0359.133.240.802.44
Hong KongHKEX 182186746847.6153.983.491.052.44
TurkeyBIST 3561509042.1360.003.010.612.40
ArgentinaBUE 110482643.6454.173.481.102.38
NorwayOSE 2711348149.4560.453.411.102.31
BrazilBOVESPA 55426214347.2954.582.930.782.15
USAMEX 70038220154.5752.623.020.892.13
ChinaSZSE 173977742944.6855.213.121.032.09
JordanASE 3414641.1842.862.860.792.07
EgyptEGX 97603061.8650.003.371.332.03
Austria WIENERBORSE 61116.67100.002.000.002.00
South KoreaKRX 2261112268149.6260.702.620.671.95
Greece ATHENS 134704052.2457.142.991.041.94
RussiaMICEX 2721227144.8558.202.820.911.91
AustraliaASX 81341622451.1753.852.550.651.90
IsraelTASE 39918911747.6261.582.720.851.87
The World 62020304181686749.0555.442.650.851.81
ChinaSSE 117054828646.8452.192.861.061.80
TaiwanTWSE 134366037249.1456.362.170.521.65
USWARRANTS 168650.0075.003.131.501.63
QatarQE 78292037.1868.972.100.521.59
SwedenSTOCKHOLM 96144523946.3153.712.510.941.57
CanadaTSX 1968103057052.3455.342.140.621.52
UKLSE 3743174290746.5452.072.270.801.48
JapanTOKYO 60432989163449.4654.672.270.811.46
FrancePARIS 152975640149.4453.042.100.641.46
GermanyXETRA 2077103254649.6952.912.050.631.41
DenmarkCOPENHAGEN 2221135850.9051.332.190.791.40
ItalyBORSA 149176140951.1153.672.180.791.39
JapanFUKUOKA 278329.6337.502.000.631.38
MalaysiaBURSA 3941839446.4551.372.310.951.36
SpainIBEX 2571247548.2560.482.401.131.27
NetherlandsAMSTERDAM 45821911947.8254.341.810.581.22
BelgiumBRUSSELS 3441458042.1555.171.680.521.16
USNYSE 65503240170449.4752.591.650.511.14
MexicoBMV 2961377546.2854.741.800.781.01
USAMEX 148657.1475.001.000.001.00
Austria WIENERBORSE 125704156.0058.571.470.630.84
USOTCBB 2211750.0063.643.732.910.82
SwitzerlandSIX 92948323351.9948.241.290.530.76
FOREXFOREX 82225.00100.000.500.000.50
JapanNAGOYA 82391947.5648.721.080.590.49
USPREFERRED 117853824945.6746.280.800.340.46
SingaporeSGX 144753052.0840.001.370.970.40
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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