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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 141694149.6558.577.363.004.36
IndiaNSE 2744127672246.5056.584.831.223.61
CanadaTSX-V 38921512455.2757.675.822.433.39
UAEUAE 89512857.3054.903.570.573.00
ArgentinaBUE 4091739942.3057.234.121.292.82
IndiaBSE 48632369128648.7154.284.411.802.61
TurkeyBIST 60125514342.4356.083.661.052.60
JapanSAPPORO 64166.6725.002.500.002.50
Poland GPW 131763735248.3755.263.751.382.37
SpainIBEX 47122011346.7151.363.220.882.34
UAEUAE 2512748.0058.332.330.082.25
PakistanKSE 46824314051.9257.613.691.442.25
IsraelTASE 102152029650.9356.923.050.882.18
ChinaSZSE 3338177893653.2752.643.391.252.14
Vietnam HNX 134572942.5450.883.351.232.12
Hong KongHKEX 3194150778347.1851.963.311.192.12
NorwayOSE 54427014549.6353.703.181.092.09
ChinaSSE 2656140373452.8252.323.081.032.05
ChileBCS 107482844.8658.332.520.541.98
USNASDAQ 76213754191749.3151.013.211.281.93
USOTC PINK 46442684131657.8448.994.973.081.89
MalaysiaBURSA 68331916546.7151.722.540.721.82
SwedenSTOCKHOLM 2412112754546.7248.363.111.361.75
South KoreaKOSDAQ 38531927103750.1753.652.971.251.72
Greece ATHENS 2971376346.1345.992.961.231.72
ThailandSET 61129014447.4649.662.700.991.71
KuwaitKSE 166874552.4151.722.691.001.69
JapanNAGOYA 122583047.5451.722.400.711.69
TaiwanGTSM 160776739947.7352.022.610.931.68
IndonesiaIDX 59425413442.7652.762.901.271.63
Vietnam HOSE 103449726648.0753.522.751.151.59
BangladeshDSE 54830015754.7452.332.781.201.58
South KoreaKRX 42132087110249.5652.782.380.841.54
QatarQE 134633747.0158.732.100.591.51
MexicoBMV 47826912056.2844.612.300.801.50
The World 118058586492905849.7049.522.611.121.49
Poland GPW 179852.9488.891.440.001.44
RussiaMICEX 63728113844.1149.112.100.721.38
FrancePARIS 2262106951747.2648.362.250.871.38
PhilippinesPSE 47821710745.4049.312.401.091.31
AustraliaASX 175590640851.6245.032.451.151.31
PortugalLISBON 158453.3350.001.630.381.25
USNYSE 108025289249449.0147.112.000.761.24
BrazilBOVESPA 179752.9477.781.440.221.22
CanadaTSX 3217164578451.1347.662.060.871.19
SpainIBEX 168450.0050.001.500.381.13
ItalyBORSA 2386119856250.2946.832.010.941.07
JapanTOKYO 112025780284451.6049.202.161.101.06
NetherlandsAMSTERDAM 66031613547.8842.721.690.691.00
USAMEX 145178334553.9644.062.531.560.98
GermanyXETRA 3563178482150.1345.971.830.880.95
UKLSE 59922864124347.8543.361.880.970.90
RussiaMICEX 117463.6457.141.140.290.86
TaiwanTWSE 2410118155749.0047.161.710.860.85
DenmarkCOPENHAGEN 3713935.1469.230.850.000.85
BrazilBOVESPA 145365929145.4244.092.031.190.84
Greece ATHENS 136346.1550.001.330.500.83
SwitzerlandSIX 155333.3360.000.800.000.80
BelgiumBRUSSELS 3621808849.7248.891.570.770.80
SwitzerlandSIX 144371331449.4144.041.430.670.76
DenmarkCOPENHAGEN 41422710254.8344.931.881.160.72
AustraliaASX 2814650.0042.860.860.140.71
MalaysiaBURSA 25161064.0062.500.880.190.69
JapanFUKUOKA 4322951.1640.911.230.550.68
USPREFERRED 171280534947.0243.351.100.440.66
IndonesiaIDX 135338.4660.000.600.000.60
Hong KongHKEX 2410641.6760.000.700.100.60
Saudi ArabiaTADAWUL 2851477151.5848.301.791.200.59
EgyptEGX 2171094650.2342.202.732.170.57
JapanTOKYO 1711864.7172.730.550.000.55
ThailandSET 1413792.8653.850.620.080.54
CanadaTSX 156240.0033.330.830.330.50
ChileBCS 1714882.3557.140.860.360.50
MexicoBMV 228636.3675.000.630.130.50
JordanASE 3212537.5041.671.831.330.50
SingaporeSGX 156140.0016.670.670.170.50
UKLSE 2513752.0053.851.000.540.46
USFOREX 44221650.0072.730.550.140.41
SingaporeSGX 2241094148.6637.611.290.900.39
South KoreaKOSDAQ 186333.3350.000.500.170.33
IndiaNSE 137353.8542.860.430.140.29
PortugalLISBON 95381840.0047.371.711.450.26
FrancePARIS 115245.4540.000.800.600.20
GermanyXETRA 115245.4540.000.800.600.20
Austria WIENERBORSE 105250.0040.000.800.600.20
ItalyBORSA 115245.4540.000.800.600.20
Vietnam HOSE 2515860.0053.330.330.130.20
PhilippinesPSE 3217753.1341.180.290.120.18
NetherlandsAMSTERDAM 126250.0033.330.670.500.17
BelgiumBRUSSELS 126250.0033.330.670.500.17
ChinaSSE 2312652.1750.000.330.170.17
TurkeyBIST 167443.7557.140.570.430.14
FOREXFOREX 2914648.2842.860.360.290.07
PakistanKSE 3214543.7535.710.500.430.07
TaiwanGTSM 126350.0050.000.330.330.00
IsraelTASE 115345.4560.000.600.600.00
NorwayOSE 2310543.4850.000.400.400.00
Austria WIENERBORSE 78361446.1538.892.222.220.00
BangladeshDSE 2012460.0033.330.000.08-0.08
SwedenSTOCKHOLM 185227.7840.000.200.60-0.40
ArgentinaBUE 3913533.3338.460.691.15-0.46
USOTCBB 52140.0050.003.003.50-0.50
USWARRANTS 3014646.6742.866.648.14-1.50
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.

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