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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
IndiaNSE 156578442150.1053.704.171.153.03
PakistanKSE 33217310452.1160.123.611.082.53
JapanSAPPORO 64166.6725.002.500.002.50
IndiaBSE 3022154782451.1953.264.171.692.47
UAEUAE 52291655.7755.172.930.552.38
Poland GPW 78236321646.4259.503.170.872.30
ArgentinaBUE 195905246.1557.783.291.062.23
TurkeyBIST 38017610446.3259.093.050.882.17
ChinaSZSE 1923103554553.8252.663.451.282.17
IsraelTASE 58930918252.4658.902.970.822.15
QatarQE 85342340.0067.652.500.382.12
Hong KongHKEX 2197104654847.6652.343.131.122.01
USAMEX 58130814653.0147.403.481.482.00
SpainIBEX 93233.3366.672.670.672.00
KuwaitKSE 78392650.0066.672.970.972.00
CanadaCSE 71391954.9348.725.743.771.97
USOTC PINK 2759162777958.9747.884.732.781.95
NorwayOSE 3291688751.0651.792.951.021.93
USNASDAQ 50502442125948.3651.562.971.071.90
MalaysiaBURSA 44720310845.4153.202.520.671.85
Vietnam HNX 110512646.3650.983.161.311.84
RussiaMICEX 3461578645.6654.432.510.701.82
BrazilBOVESPA 125441.6780.002.000.201.80
TaiwanGTSM 95347626549.9555.672.600.821.78
ChinaSSE 151582241154.2650.002.931.151.78
CanadaTSX-V 2551468057.2554.794.252.481.77
Vietnam HOSE 54726714648.8154.682.881.141.74
USWARRANTS 63150.0033.332.330.671.67
Poland GPW 157646.6785.711.570.001.57
South KoreaKOSDAQ 2544132070051.9352.992.701.131.57
JapanNAGOYA 83392246.9956.412.100.591.51
BangladeshDSE 38719910751.4253.772.571.151.42
PortugalLISBON 125341.6760.001.800.401.40
The World 71542356341771949.8249.722.441.061.39
JapanFUKUOKA 3517748.5741.181.530.181.35
SwedenSTOCKHOLM 148568532446.1347.302.571.241.32
ThailandSET 3381708050.3047.062.190.881.31
FrancePARIS 152271236146.7850.702.030.731.30
SpainIBEX 3411547545.1648.702.190.901.29
South KoreaKRX 2856141373249.4751.801.980.781.19
CanadaTSX 2020102849150.8947.762.020.851.18
MalaysiaBURSA 158753.3387.501.130.001.13
AustraliaASX 108051523647.6945.832.061.001.07
USNYSE 74633689178149.4348.281.790.721.06
PhilippinesPSE 2911376547.0847.452.151.101.05
Saudi ArabiaTADAWUL 159824451.5753.661.930.891.04
MexicoBMV 3291897757.4540.741.900.891.01
RussiaMICEX 106460.0066.671.330.331.00
PortugalLISBON 63271442.8651.852.111.111.00
CanadaTSX 124233.3350.001.250.251.00
SwitzerlandSIX 114236.3650.001.000.001.00
Greece ATHENS 203883943.3544.322.491.520.97
JapanTOKYO 67503384165250.1348.822.011.060.95
DenmarkCOPENHAGEN 2561336251.9546.622.011.110.90
Austria WIENERBORSE 147722848.9838.891.740.850.89
ItalyBORSA 145773735450.5848.031.830.960.87
GermanyXETRA 2042103249650.6947.921.650.790.87
ChileBCS 68281641.1857.141.390.540.86
IndonesiaIDX 3681698245.9248.522.211.370.83
AustraliaASX 176335.2950.001.000.170.83
NetherlandsAMSTERDAM 4041878146.2943.321.470.660.81
UKLSE 4029188177746.6941.311.780.990.78
IndonesiaIDX 84250.0050.000.750.000.75
USFOREX 31161251.6175.000.750.060.69
Greece ATHENS 103230.0066.671.330.670.67
JapanTOKYO 139769.2377.780.670.000.67
TaiwanTWSE 144374134551.3546.561.500.870.63
BelgiumBRUSSELS 2521205947.6249.171.310.690.62
ChileBCS 1413892.8661.540.920.310.62
EgyptEGX 102522250.9842.312.632.080.56
UKLSE 156340.0050.001.170.670.50
SingaporeSGX 126150.0016.670.670.170.50
MexicoBMV 208640.0075.000.630.130.50
UAEUAE 148557.1462.500.630.130.50
SwitzerlandSIX 87743018549.0343.021.110.620.49
FOREXFOREX 209645.0066.670.560.110.44
ThailandSET 87387.5042.860.430.000.43
BrazilBOVESPA 78134215443.7945.031.731.300.43
USPREFERRED 109152723448.3044.400.830.420.42
IndiaNSE 85262.5040.000.600.200.40
NorwayOSE 165331.2560.000.600.200.40
PhilippinesPSE 2211450.0036.360.360.000.36
ArgentinaBUE 177441.1857.140.860.570.29
Vietnam HOSE 1511773.3363.640.450.180.27
Hong KongHKEX 114336.3675.000.250.000.25
TurkeyBIST 84250.0050.000.500.250.25
TaiwanGTSM 95355.5660.000.400.200.20
South KoreaKOSDAQ 155233.3340.000.400.200.20
ChinaSSE 147350.0042.860.430.290.14
DenmarkCOPENHAGEN 207535.0071.430.140.000.14
PakistanKSE 2310343.4830.000.400.400.00
IsraelTASE 95355.5660.000.600.600.00
BangladeshDSE 147350.0042.860.000.000.00
SingaporeSGX 158802950.6336.251.031.05-0.03
USOTCBB 52140.0050.003.003.50-0.50
BelgiumBRUSSELS 93133.3333.330.000.67-0.67
NetherlandsAMSTERDAM 93133.3333.330.000.67-0.67
SwedenSTOCKHOLM 143121.4333.330.000.67-0.67
JordanASE 2511244.0018.181.001.82-0.82
FrancePARIS 82125.0050.000.001.00-1.00
GermanyXETRA 82125.0050.000.001.00-1.00
Austria WIENERBORSE 72128.5750.000.001.00-1.00
ItalyBORSA 82125.0050.000.001.00-1.00
OmanMSM 32066.670.000.004.50-4.50
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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