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 43375.00100.0010.330.0010.33
CanadaCSE 94344.4475.0010.250.759.50
KuwaitKSE 175329.4160.006.001.204.80
USOTC PINK 2279133273958.4555.485.621.653.97
BrazilBOVESPA 73242.8666.673.670.003.67
USOTCBB 1811861.1172.735.091.733.36
Saudi ArabiaTADAWUL 132845263.6461.903.900.613.30
IndiaNSE 145268741047.3159.684.101.093.02
IndonesiaIDX 2721287747.0660.163.750.733.02
ArgentinaBUE 131583444.2758.623.660.932.72
IndiaBSE 3402170597250.1257.014.361.642.72
UAEUAE 58281548.2853.573.430.712.71
Poland GPW 63350.00100.002.670.002.67
RussiaMICEX 3031378245.2159.853.500.862.64
PortugalLISBON 79402750.6367.503.030.482.55
JapanSAPPORO 64166.6725.002.500.002.50
TaiwanGTSM 99951831351.8560.423.210.732.48
Hong KongHKEX 203697853448.0454.603.440.992.45
ChinaSZSE 189888149946.4256.643.380.962.42
NorwayOSE 3031479048.5161.223.511.122.39
USNASDAQ 49332441144449.5259.113.200.812.39
PeruBVL 63350.00100.002.330.002.33
EgyptEGX 111653358.5650.773.621.322.29
TurkeyBIST 40516810241.4860.712.820.602.23
South KoreaKOSDAQ 2546127679550.1262.303.090.922.17
BrazilBOVESPA 62929215946.4254.452.950.872.08
AustraliaASX 91246824851.3252.992.750.692.06
USAMEX 76541822154.6452.872.980.932.05
ChinaSSE 130662033347.4753.713.071.022.05
CanadaTSX-V 1881136160.1153.984.692.801.89
IsraelTASE 46022813949.5760.962.680.831.84
JordanASE 4118843.9044.442.440.671.78
The World 68837339791876149.3855.192.610.841.77
Greece ATHENS 154774350.0055.842.791.051.74
QatarQE 85362542.3569.442.140.421.72
South KoreaKRX 2597127274749.3358.312.370.671.70
IndonesiaIDX 63250.0066.671.670.001.67
TaiwanTWSE 146973241149.8356.152.120.531.59
CanadaTSX 2144114064453.1756.492.170.591.57
JapanFUKUOKA 288328.5737.502.000.501.50
SpainIBEX 3011368345.1861.032.531.051.48
JapanTOKYO 66983319180849.5554.472.260.791.46
SwedenSTOCKHOLM 112552928647.0254.062.420.961.46
UKLSE 41691949100346.7751.442.220.781.44
MalaysiaBURSA 44020610346.8250.002.430.991.44
DenmarkCOPENHAGEN 2521276650.4051.972.140.771.37
FrancePARIS 172584744449.1052.422.000.641.36
GermanyXETRA 2300114560649.7852.931.980.641.35
ItalyBORSA 164583643650.8252.152.060.781.28
USWARRANTS 1811761.1163.643.001.731.27
BelgiumBRUSSELS 3751649343.7356.711.700.501.20
NetherlandsAMSTERDAM 50624413248.2254.101.770.581.19
USNYSE 73063663191850.1452.361.640.511.14
NorwayOSE 62233.33100.001.000.001.00
SwedenSTOCKHOLM 91111.11100.001.000.001.00
PakistanKSE 61116.67100.001.000.001.00
USFOREX 2412850.0066.671.080.081.00
MexicoBMV 3351648748.9653.051.680.800.87
IndiaNSE 96466.6766.670.830.000.83
Austria WIENERBORSE 150754150.0054.671.510.680.83
SwitzerlandSIX 84250.0050.000.750.000.75
SwitzerlandSIX 103253425151.7447.001.230.530.70
DenmarkCOPENHAGEN 153220.0066.670.670.000.67
AustraliaASX 103130.0033.330.670.000.67
FOREXFOREX 146442.8666.670.830.170.67
MalaysiaBURSA 115445.4580.000.600.000.60
JapanTOKYO 85462.5080.000.600.000.60
ChileBCS 75371.4360.001.000.400.60
PortugalLISBON 82125.0050.000.500.000.50
South KoreaKOSDAQ 112118.1850.001.000.500.50
JapanNAGOYA 89412046.0748.781.120.630.49
USPREFERRED 128059127046.1745.690.770.330.44
ThailandSET 773100.0042.860.430.000.43
UAEUAE 2414858.3357.140.430.070.36
TaiwanGTSM 106460.0066.670.500.170.33
PhilippinesPSE 1810355.5630.000.300.000.30
Vietnam HOSE 128566.6762.500.380.130.25
SingaporeSGX 169923454.4436.961.271.020.25
MexicoBMV 124233.3350.000.500.250.25
ArgentinaBUE 145235.7140.000.600.400.20
RussiaMICEX 75371.4360.000.800.600.20
ItalyBORSA 61016.670.000.000.000.00
NetherlandsAMSTERDAM 61016.670.000.000.000.00
IsraelTASE 73242.8666.670.330.330.00
Hong KongHKEX 61016.670.000.000.000.00
Greece ATHENS 71014.290.000.000.000.00
GermanyXETRA 61016.670.000.000.000.00
FrancePARIS 61016.670.000.000.000.00
SpainIBEX 61016.670.000.000.000.00
CanadaTSX 73142.8633.330.330.330.00
BelgiumBRUSSELS 61016.670.000.000.000.00
BangladeshDSE 98388.8937.500.000.000.00
Austria WIENERBORSE 61016.670.000.000.000.00
SingaporeSGX 85062.500.000.000.20-0.20
ChinaSSE 125141.6720.000.200.60-0.40
TurkeyBIST 51020.000.000.001.00-1.00
UKLSE 103030.000.000.001.33-1.33
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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