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)
OmanMSM 554100.0080.007.601.606.00
CanadaCSE 156340.0050.007.501.675.83
UAEUAE 51251449.0256.004.360.523.84
USOTC PINK 2109123067558.3254.885.611.833.78
Saudi ArabiaTADAWUL 127825364.5764.634.340.663.68
IndonesiaIDX 2491187447.3962.714.080.713.36
PakistanKSE 34416610848.2665.063.900.703.20
KuwaitKSE 219542.8655.564.221.113.11
IndiaNSE 126860836447.9559.873.881.002.88
RussiaMICEX 3031458647.8559.313.730.872.86
Hong KongHKEX 183589851348.9457.133.710.942.77
BrazilBOVESPA 84350.0075.002.750.002.75
IndiaBSE 2993154087051.4556.494.291.572.72
ChinaSZSE 154374842248.4856.423.640.982.66
NorwayOSE 2781408450.3660.003.791.172.61
JapanSAPPORO 64166.6725.002.500.002.50
ArgentinaBUE 130603546.1558.333.551.082.47
USNASDAQ 44982242132149.8458.923.230.782.45
South KoreaKOSDAQ 2389119874050.1961.723.230.872.36
PortugalLISBON 71372352.1162.162.970.622.35
TaiwanGTSM 93048529752.1561.243.090.742.35
PeruBVL 63350.00100.002.330.002.33
ChinaSSE 112853429847.3455.813.311.032.28
IsraelTASE 46623115249.5765.803.030.772.27
CanadaTSX-V 1841106259.7856.364.702.452.25
Poland GPW 74457.14100.002.250.002.25
Vietnam HNX 120573147.5054.393.741.562.18
TurkeyBIST 3611468640.4458.902.810.662.14
USAMEX 69537220153.5354.033.060.952.11
EgyptEGX 93542558.0646.303.351.332.02
Poland GPW 86743525950.1759.542.910.892.01
BrazilBOVESPA 58928415848.2255.632.780.831.95
QatarQE 73322343.8471.882.250.311.94
ThailandSET 3661849150.2749.462.720.831.89
South KoreaKRX 2451122371349.9058.302.600.721.88
Vietnam HOSE 35918110750.4259.122.820.981.84
The World 65778326291809249.6155.442.630.831.80
AustraliaASX 86644223151.0452.262.490.711.78
MalaysiaBURSA 3931859647.0751.892.460.721.74
CanadaTSX 1933101758752.6157.722.270.611.67
TaiwanTWSE 139069438749.9355.762.160.571.59
SpainIBEX 2781136740.6559.292.190.651.53
SwedenSTOCKHOLM 109551627147.1252.522.460.981.48
DenmarkCOPENHAGEN 2431246451.0351.612.290.811.48
JapanTOKYO 60453021163349.9854.052.180.771.41
UKLSE 3808175490046.0651.312.160.781.38
ItalyBORSA 150876340150.6052.562.110.751.36
FrancePARIS 161276441247.3953.931.940.611.33
GermanyXETRA 2049103954850.8552.591.940.641.30
NetherlandsAMSTERDAM 47522812848.0056.141.860.551.30
IndonesiaIDX 84350.0075.001.250.001.25
Greece ATHENS 149693746.3153.622.431.201.23
BangladeshDSE 2911507551.5550.002.281.071.21
USNYSE 64143255171050.7552.531.660.511.16
MexicoBMV 3071497948.5353.021.800.641.15
JordanASE 3616644.4437.502.191.131.06
USWARRANTS 1611668.7554.552.821.821.00
SwedenSTOCKHOLM 91111.11100.001.000.001.00
NorwayOSE 62233.33100.001.000.001.00
PhilippinesPSE 205854341.4650.591.850.880.96
ChileBCS 61261442.6253.851.270.310.96
BelgiumBRUSSELS 3411528244.5753.951.630.670.96
SwitzerlandSIX 93747722950.9148.011.350.480.87
USFOREX 2613950.0069.230.920.080.85
SwitzerlandSIX 84250.0050.000.750.000.75
IndiaNSE 107470.0057.140.710.000.71
USPREFERRED 117455626047.3646.760.960.320.64
Austria WIENERBORSE 132623746.9759.681.210.580.63
MalaysiaBURSA 115445.4580.000.600.000.60
JapanTOKYO 85462.5080.000.600.000.60
ChileBCS 75371.4360.001.000.400.60
FOREXFOREX 157546.6771.430.710.140.57
PakistanKSE 72228.57100.000.500.000.50
PortugalLISBON 82125.0050.000.500.000.50
South KoreaKOSDAQ 112118.1850.001.000.500.50
DenmarkCOPENHAGEN 164325.0075.000.500.000.50
AustraliaASX 104240.0050.000.500.000.50
UAEUAE 2515960.0060.000.470.070.40
ThailandSET 883100.0037.500.380.000.38
TaiwanGTSM 106460.0066.670.500.170.33
PhilippinesPSE 1810355.5630.000.300.000.30
JapanNAGOYA 95502152.6342.000.880.600.28
Vietnam HOSE 139669.2366.670.330.110.22
ArgentinaBUE 155233.3340.000.600.400.20
MexicoBMV 135238.4640.000.400.200.20
RussiaMICEX 75371.4360.000.800.600.20
SingaporeSGX 154792951.3036.711.281.090.19
IsraelTASE 73242.8666.670.330.330.00
ItalyBORSA 61016.670.000.000.000.00
NetherlandsAMSTERDAM 72028.570.000.000.000.00
GermanyXETRA 61016.670.000.000.000.00
Hong KongHKEX 72128.5750.000.000.000.00
Greece ATHENS 71014.290.000.000.000.00
FrancePARIS 61016.670.000.000.000.00
SpainIBEX 61016.670.000.000.000.00
BelgiumBRUSSELS 72028.570.000.000.000.00
CanadaTSX 73142.8633.330.330.330.00
BangladeshDSE 98388.8937.500.000.000.00
Austria WIENERBORSE 61016.670.000.000.000.00
SingaporeSGX 85062.500.000.000.20-0.20
ChinaSSE 146242.8633.330.170.50-0.33
JapanFUKUOKA 276122.2216.670.170.50-0.33
USOTCBB 52140.0050.003.003.50-0.50
UKLSE 114136.3625.000.251.00-0.75
TurkeyBIST 61016.670.000.001.00-1.00
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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