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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 114593651.7561.028.612.086.53
IndiaNSE 2900137976747.5555.624.691.263.43
Vietnam HNX 161733545.3447.954.001.142.86
ArgentinaBUE 3891608841.1355.004.291.432.86
UAEUAE 93552959.1452.733.240.582.65
JordanASE 3315745.4546.673.200.602.60
CanadaTSX-V 36320411556.7555.835.272.722.55
PakistanKSE 54227516150.7458.553.801.272.53
JapanSAPPORO 64166.6725.002.500.002.50
IndiaBSE 53562688142050.2452.774.341.872.47
Hong KongHKEX 3636174393247.9653.443.631.182.46
USOTC PINK 48642826141558.8449.445.082.642.44
TurkeyBIST 68829315542.5952.903.591.152.44
IsraelTASE 107554831450.9857.303.130.852.28
UAEUAE 2312752.1758.332.330.082.25
NorwayOSE 59729815449.9251.683.241.052.19
Poland GPW 144571539749.5555.453.381.282.10
SpainIBEX 52624713046.9652.632.980.882.09
ChileBCS 124553344.3560.002.530.442.09
IndonesiaIDX 61927215143.9455.513.281.212.07
USNASDAQ 80524031208550.1151.673.201.182.02
ChinaSZSE 3612189195752.3550.613.451.442.01
ChinaSSE 2808148874052.9949.733.141.221.92
ThailandSET 68633917249.4250.742.860.981.88
TaiwanGTSM 180990648850.0853.862.750.951.79
JapanNAGOYA 145713548.9749.302.420.681.75
South KoreaKOSDAQ 45072259118250.1252.323.041.301.74
SwedenSTOCKHOLM 2582119457746.2448.323.031.311.72
MalaysiaBURSA 76036718848.2951.232.520.851.67
KuwaitKSE 148814354.7353.092.731.061.67
Greece ATHENS 2941345945.5844.033.111.491.62
QatarQE 154774450.0057.142.170.561.61
Vietnam HOSE 104349925947.8451.902.711.111.60
The World 126308632383170450.1350.072.691.091.60
South KoreaKRX 47802369125149.6752.702.470.891.58
FrancePARIS 2566123061348.0149.762.320.831.49
Saudi ArabiaTADAWUL 3191748854.5550.572.561.101.46
Poland GPW 179852.9488.891.440.001.44
USAMEX 149681637954.5546.452.831.441.39
CanadaTSX 3521184091752.2649.842.180.791.39
BangladeshDSE 63535218555.4352.562.671.291.38
PhilippinesPSE 47921210744.2650.472.421.051.37
AustraliaASX 187797144551.7345.832.391.031.36
RussiaMICEX 70732015445.2648.132.320.991.33
USNYSE 115265708276049.5448.342.020.701.32
NetherlandsAMSTERDAM 74735618147.6650.841.930.631.30
JapanTOKYO 121706289318451.6850.632.311.031.28
PortugalLISBON 158453.3350.001.630.381.25
BrazilBOVESPA 168650.0075.001.500.251.25
TaiwanTWSE 2777136467349.1249.342.020.811.21
GermanyXETRA 3804190791950.1848.142.010.871.14
SpainIBEX 168450.0050.001.500.381.13
ItalyBORSA 2554131964151.9248.342.020.931.09
MexicoBMV 52229112155.7541.582.000.921.08
UKLSE 65863180141648.4544.371.930.921.01
BrazilBOVESPA 153369531145.4744.622.141.141.00
SwitzerlandSIX 160680236449.9445.391.610.670.94
MalaysiaBURSA 23141160.8778.571.000.070.93
DenmarkCOPENHAGEN 3512934.2975.000.920.000.92
RussiaMICEX 117463.6457.141.140.290.86
BelgiumBRUSSELS 47522910548.2145.851.660.820.85
EgyptEGX 2161094750.4643.122.972.140.83
PortugalLISBON 118603250.8553.332.001.170.83
Greece ATHENS 136346.1550.001.330.500.83
SwitzerlandSIX 145335.7160.000.800.000.80
CanadaTSX 145235.7140.001.000.200.80
DenmarkCOPENHAGEN 46724710852.8943.721.891.130.77
AustraliaASX 2814650.0042.860.860.140.71
Hong KongHKEX 229640.9166.670.780.110.67
UKLSE 2411645.8354.551.180.550.64
ThailandSET 1311684.6254.550.730.090.64
USPREFERRED 186989138847.6743.551.030.430.60
IndonesiaIDX 135338.4660.000.600.000.60
JapanTOKYO 1711864.7172.730.550.000.55
SingaporeSGX 156140.0016.670.670.170.50
ChileBCS 1714882.3557.140.860.360.50
MexicoBMV 228636.3675.000.630.130.50
USFOREX 43211648.8476.190.570.100.48
SingaporeSGX 2511254549.8036.001.421.050.37
IndiaNSE 137353.8542.860.430.140.29
USWARRANTS 187238.8928.573.142.860.29
Austria WIENERBORSE 69301143.4836.672.372.100.27
JapanFUKUOKA 4318641.8633.331.060.830.22
Vietnam HOSE 2515860.0053.330.330.130.20
FrancePARIS 115245.4540.000.800.600.20
GermanyXETRA 115245.4540.000.800.600.20
Austria WIENERBORSE 105250.0040.000.800.600.20
South KoreaKOSDAQ 175229.4140.000.400.200.20
ItalyBORSA 115245.4540.000.800.600.20
PhilippinesPSE 3116651.6137.500.310.130.19
ChinaSSE 2111652.3854.550.360.180.18
NetherlandsAMSTERDAM 126250.0033.330.670.500.17
BelgiumBRUSSELS 126250.0033.330.670.500.17
FOREXFOREX 2712644.4450.000.420.250.17
TurkeyBIST 167443.7557.140.570.430.14
PakistanKSE 3114545.1635.710.500.430.07
IsraelTASE 105350.0060.000.600.600.00
NorwayOSE 2310543.4850.000.400.400.00
TaiwanGTSM 126350.0050.000.330.330.00
BangladeshDSE 2012460.0033.330.000.08-0.08
SwedenSTOCKHOLM 185227.7840.000.200.60-0.40
ArgentinaBUE 3412535.2941.670.751.17-0.42
USOTCBB 52140.0050.003.003.50-0.50
OmanMSM 420100.000.000.002.25-2.25
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.