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
OmanMSM 65483.3380.007.601.606.00
CanadaCSE 87462654.0255.327.513.384.13
IndiaNSE 2731135075249.4755.664.441.253.18
CanadaTSX-V 32017510154.6957.715.232.312.92
ArgentinaBUE 3041378045.0758.393.931.092.85
PakistanKSE 61631117750.4956.913.971.142.83
USOTC PINK 44412614130259.1549.564.862.332.53
JapanSAPPORO 64166.6725.002.500.002.50
NorwayOSE 56928214549.5651.423.370.992.38
IndiaBSE 54992841149251.6652.524.191.862.33
Hong KongHKEX 3595172589348.0151.743.461.182.29
TurkeyBIST 67129316543.6756.313.050.922.13
KuwaitKSE 114593551.7559.322.980.932.05
ChinaSZSE 3728191297251.2950.843.321.282.03
Vietnam HNX 171823947.9547.563.341.342.00
Poland GPW 137767937549.3155.232.941.111.84
USNASDAQ 81564074209849.9851.472.941.121.81
IndonesiaIDX 60827914945.8953.412.931.111.81
ChinaSSE 2747142770251.9549.192.981.171.81
Saudi ArabiaTADAWUL 2821578755.6755.412.610.811.80
IsraelTASE 92647827451.7357.202.650.871.78
South KoreaKOSDAQ 44202230120150.4853.832.941.181.75
ChileBCS 114522945.6155.772.170.501.67
MalaysiaBURSA 78337719348.1551.192.510.881.63
TaiwanGTSM 177592449252.0653.252.580.961.61
QatarQE 157754447.7758.672.190.571.61
JapanFUKUOKA 52221142.3150.001.910.361.55
ThailandSET 67035117752.3950.432.591.051.54
BangladeshDSE 63333917453.5551.332.751.251.50
USAMEX 141779237355.8947.102.621.121.50
UAEUAE 101572956.4450.882.300.811.49
The World 122847615223093150.1050.262.501.021.48
SwedenSTOCKHOLM 2370110654146.6748.922.731.261.47
Poland GPW 179852.9488.891.440.001.44
FrancePARIS 2765133666148.3249.482.210.791.41
EgyptEGX 1971055053.3047.623.041.631.41
South KoreaKRX 49082431129149.5353.112.230.831.40
RussiaMICEX 60427413045.3647.452.451.071.39
Greece ATHENS 2851286144.9147.662.591.231.36
BrazilBOVESPA 146442.8666.671.670.331.33
PortugalLISBON 127663951.9759.092.230.911.32
Vietnam HOSE 87042021448.2850.952.471.211.26
PhilippinesPSE 46921110444.9949.292.271.011.25
CanadaTSX 3582187993852.4649.921.940.721.23
AustraliaASX 166884739850.8446.932.150.941.21
SpainIBEX 52024612747.3151.632.110.921.19
TaiwanTWSE 2631134267551.0150.301.900.741.17
JordanASE 5522840.0036.362.141.001.14
MalaysiaBURSA 1810855.5680.001.100.001.10
JapanTOKYO 119226040299150.6649.522.080.991.09
GermanyXETRA 3755189694950.4950.051.800.731.07
UKLSE 68123297152048.4446.061.900.841.06
JapanNAGOYA 129653450.3952.311.690.631.06
BrazilBOVESPA 132758627444.1646.762.121.091.03
NetherlandsAMSTERDAM 78936518646.2650.961.620.601.02
PortugalLISBON 136346.1550.001.500.501.00
CanadaTSX 124233.3350.001.250.251.00
SpainIBEX 115245.4540.001.600.601.00
USNYSE 122426059292149.4948.211.630.641.00
ItalyBORSA 2605133263351.1347.521.880.940.94
MexicoBMV 53728612253.2642.661.900.970.93
DenmarkCOPENHAGEN 45624511553.7346.941.840.970.87
RussiaMICEX 117463.6457.141.140.290.86
SwitzerlandSIX 135338.4660.000.800.000.80
ThailandSET 98488.8950.000.750.000.75
BelgiumBRUSSELS 50823210745.6746.121.450.700.75
Austria WIENERBORSE 2521315651.9842.751.550.830.72
UKLSE 2310543.4850.001.300.600.70
USFOREX 32171353.1376.470.710.060.65
SwitzerlandSIX 164783938150.9445.411.240.610.63
IndonesiaIDX 105250.0040.000.600.000.60
JapanTOKYO 1610762.5070.000.600.000.60
TurkeyBIST 116454.5566.670.670.170.50
SingaporeSGX 146142.8616.670.670.170.50
ChileBCS 1614887.5057.140.860.360.50
AustraliaASX 228336.3637.500.750.250.50
UAEUAE 158553.3362.500.630.130.50
MexicoBMV 228636.3675.000.630.130.50
IndiaNSE 95255.5640.000.600.200.40
USPREFERRED 178482735946.3643.410.740.350.39
SingaporeSGX 2561324951.5637.121.300.970.33
FOREXFOREX 2511644.0054.550.450.180.27
Vietnam HOSE 1511773.3363.640.450.180.27
PhilippinesPSE 2815653.5740.000.330.070.27
Hong KongHKEX 114336.3675.000.250.000.25
Greece ATHENS 114236.3650.001.000.750.25
ChinaSSE 189550.0055.560.440.220.22
DenmarkCOPENHAGEN 299731.0377.780.220.000.22
TaiwanGTSM 95355.5660.000.400.200.20
South KoreaKOSDAQ 155233.3340.000.400.200.20
NorwayOSE 219542.8655.560.440.330.11
BangladeshDSE 1710458.8240.000.000.000.00
IsraelTASE 105350.0060.000.600.600.00
PakistanKSE 2611442.3136.360.360.360.00
ArgentinaBUE 2911537.9345.450.821.18-0.36
SwedenSTOCKHOLM 175229.4140.000.200.60-0.40
USOTCBB 52140.0050.003.003.50-0.50
NetherlandsAMSTERDAM 104140.0025.000.000.75-0.75
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 62033.330.000.008.00-8.00
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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