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 155804951.6161.259.402.716.69
USWARRANTS 46271658.7059.2610.484.595.89
IndiaNSE 2845132274546.5056.314.781.223.56
CanadaTSX-V 41123113256.2057.145.832.483.35
UAEUAE 90502855.5656.003.640.523.12
TurkeyBIST 60726214643.1655.733.611.032.59
IndiaBSE 51162481134148.4954.054.381.812.57
ChileBCS 117543346.1561.113.040.522.52
JapanSAPPORO 64166.6725.002.500.002.50
SpainIBEX 49222711946.1452.423.220.862.35
ArgentinaBUE 46219710342.6452.283.651.402.25
UAEUAE 2712744.4458.332.330.082.25
PakistanKSE 48425514852.6958.043.701.482.22
Poland GPW 138667336348.5653.943.561.372.19
ChinaSZSE 3454184297853.3353.093.411.232.18
IsraelTASE 108454430550.1856.073.030.892.15
Hong KongHKEX 3301155579847.1151.323.311.202.11
ChinaSSE 2760145975952.8652.023.031.031.99
USNASDAQ 79703949202149.6151.113.221.271.95
USOTC PINK 48622816137858.0448.835.053.101.95
NorwayOSE 57729415350.9552.043.051.151.90
Vietnam HNX 156703644.8751.433.211.311.90
MalaysiaBURSA 72433917346.8251.032.610.731.88
South KoreaKOSDAQ 40091999107249.9953.492.981.251.73
SwedenSTOCKHOLM 2551118757546.6548.323.071.361.71
Greece ATHENS 3071446746.9146.532.891.201.69
TaiwanGTSM 167079141447.3752.342.610.941.67
JapanNAGOYA 131593045.0450.852.360.691.66
BangladeshDSE 56430715854.4351.472.791.221.56
IndonesiaIDX 62026613842.9051.882.801.271.53
South KoreaKRX 44592195115449.2352.572.350.841.51
Vietnam HOSE 108452327948.2553.352.751.261.49
The World 123459612883025349.6749.332.601.121.48
ThailandSET 63329414146.4547.962.511.031.48
MexicoBMV 50828512856.1044.912.310.851.46
Poland GPW 179852.9488.891.440.001.44
FrancePARIS 2352112154047.6648.172.240.861.37
QatarQE 143693948.2556.521.940.581.36
KuwaitKSE 173904452.0248.892.320.971.36
PhilippinesPSE 50522911445.3549.782.391.071.32
RussiaMICEX 68129613943.7646.641.990.731.26
AustraliaASX 188897643351.7544.322.411.171.24
PortugalLISBON 169556.2555.561.560.331.22
USNYSE 113135560260149.1746.761.960.761.20
CanadaTSX 3350170581150.9047.572.010.851.15
SpainIBEX 179552.9455.561.440.331.11
BrazilBOVESPA 1810855.5680.001.300.201.10
NetherlandsAMSTERDAM 68532914148.0342.861.780.681.09
ItalyBORSA 2513126858550.4646.142.010.941.07
JapanTOKYO 117776030296951.2049.242.151.101.05
USAMEX 156084837754.5544.302.461.470.99
GermanyXETRA 3768189086850.1645.931.820.870.95
UKLSE 62892975128347.3043.131.880.980.90
Greece ATHENS 147450.0057.141.290.430.86
RussiaMICEX 127458.3357.141.140.290.86
BelgiumBRUSSELS 3731839149.0649.731.570.760.81
SwitzerlandSIX 165331.2560.000.800.000.80
DenmarkCOPENHAGEN 39141035.9071.430.860.070.79
BrazilBOVESPA 155471231445.8844.041.991.220.77
TaiwanTWSE 2519123357848.9546.881.690.920.77
SwitzerlandSIX 153575533549.3244.251.410.660.75
JapanFUKUOKA 3718848.6544.441.330.610.72
SingaporeSGX 167243.7528.570.860.140.71
AustraliaASX 2814650.0042.860.860.140.71
EgyptEGX 2261165151.3343.972.842.150.70
MalaysiaBURSA 25161064.0062.500.880.190.69
USPREFERRED 175282735347.2042.681.080.450.63
JordanASE 3313639.3946.151.851.230.62
IndonesiaIDX 135338.4660.000.600.000.60
Hong KongHKEX 2410641.6760.000.700.100.60
DenmarkCOPENHAGEN 44123810553.9744.121.791.220.57
Saudi ArabiaTADAWUL 3051557450.8247.741.721.160.56
JapanTOKYO 1811861.1172.730.550.000.55
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
UKLSE 2513752.0053.851.000.540.46
USFOREX 46231750.0073.910.570.130.43
ItalyBORSA 126350.0050.000.830.500.33
South KoreaKOSDAQ 186333.3350.000.500.170.33
FrancePARIS 126350.0050.000.830.500.33
GermanyXETRA 126350.0050.000.830.500.33
Austria WIENERBORSE 116354.5550.000.830.500.33
SingaporeSGX 2361174349.5836.751.240.940.30
BelgiumBRUSSELS 137353.8542.860.710.430.29
NetherlandsAMSTERDAM 137353.8542.860.710.430.29
IndiaNSE 147350.0042.860.430.140.29
PortugalLISBON 98391839.8046.151.671.460.21
Vietnam HOSE 27171062.9658.820.290.120.18
PhilippinesPSE 3317751.5241.180.290.120.18
ChinaSSE 2312652.1750.000.330.170.17
TurkeyBIST 167443.7557.140.570.430.14
FOREXFOREX 3014646.6742.860.360.290.07
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
BangladeshDSE 2012460.0033.330.000.08-0.08
SwedenSTOCKHOLM 196231.5833.330.170.50-0.33
ArgentinaBUE 4013532.5038.460.691.15-0.46
USOTCBB 52140.0050.003.003.50-0.50
Austria WIENERBORSE 90391643.3341.031.462.15-0.69
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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