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 179190250250.3655.654.721.133.59
CanadaTSX-V 2621468855.7360.275.101.963.14
PakistanKSE 37719611851.9960.203.881.072.81
ArgentinaBUE 2351056345.1159.433.751.072.68
IndiaBSE 3346173493251.8253.754.321.652.67
CanadaCSE 85462355.2948.946.283.662.62
JapanSAPPORO 64166.6725.002.500.002.50
KuwaitKSE 99533253.5460.383.250.872.38
Poland GPW 86741123947.4058.153.230.912.31
TurkeyBIST 44720211945.1958.913.180.872.31
ChinaSZSE 2277126066655.3452.863.401.212.19
NorwayOSE 36918910151.2253.443.191.042.15
USOTC PINK 3145186891459.4648.884.802.662.14
Hong KongHKEX 2398113558747.3751.673.221.102.11
IsraelTASE 67734320350.6659.182.860.772.09
UAEUAE 62361958.0652.782.440.442.00
ChinaSSE 178896549753.9751.503.041.061.98
QatarQE 95442946.3265.912.410.431.98
Vietnam HNX 111522746.8551.922.981.021.96
USNASDAQ 56602787144649.5151.613.011.061.95
MalaysiaBURSA 50223412246.6152.142.440.631.81
South KoreaKOSDAQ 2867146177850.9953.212.851.161.69
RussiaMICEX 4131849545.0451.082.320.711.61
TaiwanGTSM 112155930349.8754.202.460.861.60
Vietnam HOSE 65531717148.4053.942.691.131.56
JapanFUKUOKA 3718848.6544.441.720.171.56
ThailandSET 4001979449.2547.722.380.881.49
SwedenSTOCKHOLM 173479038345.5648.482.721.261.46
The World 81819409462051450.0950.052.481.031.45
SpainIBEX 3841829247.4050.552.310.871.45
Poland GPW 179852.9488.891.440.001.44
FrancePARIS 170680340547.1350.372.220.781.44
JapanNAGOYA 85402147.0652.502.000.601.40
BangladeshDSE 45123712552.5552.742.631.241.39
USAMEX 102056426155.2946.282.501.141.35
Greece ATHENS 217894341.0148.312.671.331.35
BrazilBOVESPA 146442.8666.671.670.331.33
Austria WIENERBORSE 174843548.2841.672.020.741.29
PhilippinesPSE 3521608045.4550.002.230.971.26
MexicoBMV 3642058656.3241.952.110.861.25
South KoreaKRX 3265161684349.5952.072.040.801.23
CanadaTSX 2292116456350.8348.331.980.801.18
IndonesiaIDX 43719710145.0851.272.471.321.15
MalaysiaBURSA 168750.0087.501.130.001.13
GermanyXETRA 2312117660251.0451.021.840.751.09
AustraliaASX 122960427349.1545.202.011.011.01
PortugalLISBON 136346.1550.001.500.501.00
EgyptEGX 129693153.4944.932.971.971.00
SpainIBEX 115245.4540.001.600.601.00
CanadaTSX 124233.3350.001.250.251.00
USNYSE 84594179200349.4347.911.710.710.99
JapanTOKYO 78243964194950.6649.172.021.040.99
Saudi ArabiaTADAWUL 1861045355.9150.961.850.930.91
ItalyBORSA 160682039851.1848.421.810.940.87
RussiaMICEX 117463.6457.141.140.290.86
UKLSE 4583214892246.9342.861.770.920.85
ChileBCS 79331741.7751.521.390.580.82
NetherlandsAMSTERDAM 4602109245.6543.811.450.650.80
SwitzerlandSIX 135338.4660.000.800.000.80
ThailandSET 98488.8950.000.750.000.75
IndonesiaIDX 94244.4450.000.750.000.75
PortugalLISBON 73341646.5847.062.001.320.68
DenmarkCOPENHAGEN 2901567053.7944.871.791.130.67
TaiwanTWSE 168086639751.5545.841.530.870.66
USFOREX 32171353.1376.470.710.060.65
SwitzerlandSIX 100850022349.6044.601.200.590.61
JapanTOKYO 1610762.5070.000.600.000.60
BelgiumBRUSSELS 2861396848.6048.921.220.710.51
SingaporeSGX 146142.8616.670.670.170.50
UAEUAE 148557.1462.500.630.130.50
MexicoBMV 228636.3675.000.630.130.50
ChileBCS 1514893.3357.140.860.360.50
AustraliaASX 228336.3637.500.750.250.50
BrazilBOVESPA 96741418642.9244.821.671.230.43
TurkeyBIST 105350.0060.000.600.200.40
IndiaNSE 95255.5640.000.600.200.40
USPREFERRED 128160826447.4643.420.750.390.36
FOREXFOREX 2511644.0054.550.450.180.27
Vietnam HOSE 1511773.3363.640.450.180.27
PhilippinesPSE 2615657.6940.000.330.070.27
Hong KongHKEX 114336.3675.000.250.000.25
Greece ATHENS 114236.3650.001.000.750.25
DenmarkCOPENHAGEN 289732.1477.780.220.000.22
ChinaSSE 169556.2555.560.440.220.22
TaiwanGTSM 95355.5660.000.400.200.20
South KoreaKOSDAQ 155233.3340.000.400.200.20
UKLSE 218338.1037.500.880.750.13
NorwayOSE 219542.8655.560.440.330.11
SingaporeSGX 175923052.5732.611.050.970.09
BangladeshDSE 169356.2533.330.000.000.00
IsraelTASE 95355.5660.000.600.600.00
PakistanKSE 2611442.3136.360.360.360.00
ArgentinaBUE 2811539.2945.450.821.18-0.36
SwedenSTOCKHOLM 175229.4140.000.200.60-0.40
USOTCBB 52140.0050.003.003.50-0.50
NetherlandsAMSTERDAM 104140.0025.000.000.75-0.75
JordanASE 2812342.8625.000.921.67-0.75
BelgiumBRUSSELS 104140.0025.000.000.75-0.75
FrancePARIS 93133.3333.330.001.00-1.00
GermanyXETRA 93133.3333.330.001.00-1.00
Austria WIENERBORSE 83137.5033.330.001.00-1.00
ItalyBORSA 93133.3333.330.001.00-1.00
USWARRANTS 63050.000.000.001.33-1.33
OmanMSM 220100.000.000.004.50-4.50
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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