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 1/1/2019
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
JapanSAPPORO 64166.6725.002.500.002.50
UAEUAE 3513837.1461.542.150.082.08
Poland GPW 179852.9488.891.440.001.44
CanadaTSX 219542.8655.561.560.221.33
PortugalLISBON 2113861.9061.541.230.231.00
SpainIBEX 2212754.5558.331.170.250.92
RussiaMICEX 127458.3357.141.140.290.86
SwitzerlandSIX 229540.9155.561.110.330.78
BrazilBOVESPA 28181264.2966.671.220.500.72
AustraliaASX 4114634.1542.860.860.140.71
Greece ATHENS 2110647.6260.001.000.300.70
SingaporeSGX 209345.0033.330.780.110.67
PhilippinesPSE 44261259.0946.150.730.120.62
JapanTOKYO 25131052.0076.920.620.000.62
Hong KongHKEX 3316848.4850.000.690.130.56
DenmarkCOPENHAGEN 50201540.0075.000.650.100.55
MalaysiaBURSA 34191255.8863.160.740.210.53
USFOREX 55272149.0977.780.630.110.52
FrancePARIS 1810655.5660.000.800.300.50
GermanyXETRA 1710658.8260.000.800.300.50
ItalyBORSA 1810655.5660.000.800.300.50
NetherlandsAMSTERDAM 1911657.8954.550.730.270.45
BelgiumBRUSSELS 1911657.8954.550.730.270.45
ThailandSET 2017885.0047.060.590.180.41
MexicoBMV 2510740.0070.000.600.200.40
Austria WIENERBORSE 169556.2555.560.670.330.33
ChileBCS 23191182.6157.890.740.420.32
UKLSE 2916855.1750.000.880.560.31
IndonesiaIDX 197436.8457.140.430.140.29
FOREXFOREX 3518951.4350.000.500.280.22
PakistanKSE 5619833.9342.110.580.370.21
South KoreaKOSDAQ 2811539.2945.450.360.180.18
TurkeyBIST 207435.0057.140.570.430.14
JapanFUKUOKA 465347.8313.640.170.040.13
ChinaSSE 2715855.5653.330.270.130.13
IndiaNSE 199347.3733.330.330.220.11
Vietnam HOSE 33191057.5852.630.260.160.11
Vietnam HOSE 12503247.040.340.050.000.04
The World 137167158887050.721.250.040.010.03
South KoreaKOSDAQ 41071148.330.050.020.000.02
BangladeshDSE 5921152.870.320.020.000.02
NorwayOSE 7701150.650.260.020.000.02
SwedenSTOCKHOLM 26933347.940.230.010.000.01
ChinaSSE 34014353.010.170.010.010.00
IndiaNSE 33541144.630.070.000.000.00
TaiwanTWSE 26631149.910.080.000.000.00
South KoreaKRX 46751150.520.040.000.000.00
USNASDAQ 84512252.630.040.000.000.00
USOTC PINK 54541159.040.030.000.000.00
USPREFERRED 17134149.500.120.000.000.00
ItalyBORSA 30912151.960.060.000.000.00
JapanTOKYO 123372153.280.020.000.000.00
Hong KongHKEX 31551146.750.070.000.000.00
USNYSE 114662151.250.020.000.000.00
CanadaTSX 37170051.360.000.000.000.00
CanadaCSE 2080053.370.000.000.000.00
CanadaTSX-V 4940057.690.000.000.000.00
SwitzerlandSIX 17490050.830.000.000.000.00
ChileBCS 1380048.550.000.000.000.00
Austria WIENERBORSE 1510048.340.000.000.000.00
ArgentinaBUE 7470045.380.000.000.000.00
BrazilBOVESPA 20880049.190.000.000.000.00
SpainIBEX 4710048.830.000.000.000.00
Greece ATHENS 3580046.370.000.000.000.00
FrancePARIS 26550050.360.000.000.000.00
IndiaBSE 68550046.020.000.000.000.00
IsraelTASE 14140051.340.000.000.000.00
IsraelTASE 135338.4660.000.600.600.00
IndonesiaIDX 7250042.900.000.000.000.00
BelgiumBRUSSELS 3310052.570.000.000.000.00
GermanyXETRA 50770051.350.000.000.000.00
ChinaSZSE 41670051.640.000.000.000.00
NetherlandsAMSTERDAM 8060049.380.000.000.000.00
NorwayOSE 2411545.8345.450.360.360.00
UAEUAE 1030056.310.000.000.000.00
Saudi ArabiaTADAWUL 4070048.400.000.000.000.00
QatarQE 1700053.530.000.000.000.00
MalaysiaBURSA 7500049.870.000.000.000.00
MexicoBMV 5520060.330.000.000.000.00
Poland GPW 16140051.050.000.000.000.00
EgyptEGX 2860048.600.000.000.000.00
JordanASE 330039.390.000.000.000.00
JapanNAGOYA 1290050.390.000.000.000.00
SingaporeSGX 2380049.160.000.000.000.00
ThailandSET 7511049.800.000.000.000.00
TaiwanGTSM 18461049.020.000.000.000.00
Vietnam HNX 2470046.960.000.000.000.00
TaiwanGTSM 136346.1550.000.330.330.00
USAMEX 18240057.620.000.000.000.00
UKLSE 64040051.250.000.000.000.00
USWARRANTS 1300054.620.000.000.000.00
AustraliaASX 20291052.490.000.000.000.00
PhilippinesPSE 5572146.140.390.020.020.00
TurkeyBIST 6151043.250.000.000.01-0.01
KuwaitKSE 2541051.570.000.000.01-0.01
DenmarkCOPENHAGEN 4541050.220.000.000.01-0.01
PakistanKSE 5021056.370.000.000.02-0.02
RussiaMICEX 6352047.090.000.000.02-0.02
PortugalLISBON 1021042.160.000.000.03-0.03
BangladeshDSE 2313456.5230.770.000.08-0.08
SwedenSTOCKHOLM 217233.3328.570.140.57-0.43
ArgentinaBUE 5218534.6227.780.500.94-0.44
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.

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