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 1/1/2020
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 3814836.8457.142.000.141.86
Poland GPW 179852.9488.891.440.001.44
CanadaTSX 219542.8655.561.560.221.33
PortugalLISBON 2213859.0961.541.230.231.00
SpainIBEX 2312752.1758.331.170.250.92
RussiaMICEX 127458.3357.141.140.290.86
MalaysiaBURSA 36201355.5665.000.950.200.75
SwitzerlandSIX 2410541.6750.001.000.300.70
Greece ATHENS 2310643.4860.001.000.300.70
BrazilBOVESPA 30191363.3368.421.160.470.68
PhilippinesPSE 44261259.0946.150.730.120.62
SingaporeSGX 2110347.6230.000.700.100.60
JapanTOKYO 27151255.5680.000.600.000.60
AustraliaASX 4316637.2137.500.750.190.56
DenmarkCOPENHAGEN 52211640.3876.190.620.100.52
ItalyBORSA 1910652.6360.000.800.300.50
FrancePARIS 1910652.6360.000.800.300.50
GermanyXETRA 1810655.5660.000.800.300.50
Hong KongHKEX 3517848.5747.060.650.180.47
BelgiumBRUSSELS 2011655.0054.550.730.270.45
NetherlandsAMSTERDAM 2011655.0054.550.730.270.45
UKLSE 31181058.0655.560.940.500.44
USFOREX 58292150.0072.410.590.170.41
ThailandSET 2017885.0047.060.590.180.41
MexicoBMV 2510740.0070.000.600.200.40
Austria WIENERBORSE 179552.9455.560.670.330.33
ChileBCS 23191182.6157.890.740.420.32
IndonesiaIDX 228436.3650.000.380.130.25
PakistanKSE 6319830.1642.110.580.370.21
South KoreaKOSDAQ 2811539.2945.450.360.180.18
FOREXFOREX 39211053.8547.620.430.290.14
ChinaSSE 2816857.1450.000.250.130.13
IndiaNSE 209345.0033.330.330.220.11
Vietnam HOSE 34201058.8250.000.250.150.10
JapanFUKUOKA 353240.0014.290.100.020.08
Vietnam HOSE 11803247.030.360.050.000.04
The World 126846161487750.701.360.050.020.03
BangladeshDSE 4611153.360.410.020.000.02
South KoreaKOSDAQ 37771148.320.050.020.000.02
SwedenSTOCKHOLM 25394447.300.330.010.000.01
NorwayOSE 7841153.060.240.010.000.01
KuwaitKSE 2452150.610.810.010.010.00
TaiwanTWSE 24291148.250.090.000.000.00
IndiaNSE 32361145.400.070.000.000.00
USOTC PINK 37061159.880.050.000.000.00
USNASDAQ 81662253.150.050.000.000.00
ChinaSSE 35362150.650.060.010.010.00
USNYSE 114591151.440.020.000.000.00
USPREFERRED 17064149.530.120.000.000.00
JapanTOKYO 111782153.740.020.000.000.00
South KoreaKRX 43502149.980.050.000.000.00
Hong KongHKEX 29271147.560.070.000.000.00
ItalyBORSA 29231151.590.070.000.000.00
SingaporeSGX 2160052.780.000.000.000.00
ThailandSET 6861050.440.000.000.000.00
TaiwanGTSM 136346.1550.000.330.330.00
TaiwanGTSM 16971048.500.000.000.000.00
Vietnam HNX 2560047.660.000.000.000.00
USAMEX 16760058.470.000.000.000.00
UKLSE 59610051.800.000.000.000.00
USWARRANTS 1310054.200.000.000.000.00
CanadaTSX 33240051.710.000.000.000.00
CanadaCSE 1820056.040.000.000.000.00
CanadaTSX-V 4600055.650.000.000.000.00
SwitzerlandSIX 16430051.610.000.000.000.00
ChileBCS 1210052.890.000.000.000.00
AustraliaASX 19090053.850.000.000.000.00
Austria WIENERBORSE 1580050.630.000.000.000.00
ArgentinaBUE 8310045.250.000.000.000.00
BrazilBOVESPA 19650049.520.000.000.000.00
SpainIBEX 3900049.490.000.000.000.00
Greece ATHENS 3360048.210.000.000.000.00
FrancePARIS 23960050.580.000.000.000.00
IndiaBSE 67630046.890.000.000.000.00
IsraelTASE 12900051.090.000.000.000.00
IsraelTASE 135338.4660.000.600.600.00
IndonesiaIDX 6840043.270.000.000.000.00
BelgiumBRUSSELS 2760049.280.000.000.000.00
GermanyXETRA 49220050.330.000.000.000.00
ChinaSZSE 40330051.520.000.000.000.00
NorwayOSE 2511544.0045.450.360.360.00
UAEUAE 970064.950.000.000.000.00
Saudi ArabiaTADAWUL 3630049.860.000.000.000.00
QatarQE 1450052.410.000.000.000.00
MalaysiaBURSA 6990046.640.000.000.000.00
MexicoBMV 4650060.650.000.000.000.00
Poland GPW 15670051.050.000.000.000.00
EgyptEGX 2800047.500.000.000.000.00
JordanASE 300043.330.000.000.000.00
JapanNAGOYA 1110051.350.000.000.000.00
NetherlandsAMSTERDAM 7361049.860.000.000.000.00
PhilippinesPSE 4932147.260.430.020.020.00
TurkeyBIST 5821042.610.000.000.01-0.01
DenmarkCOPENHAGEN 4011053.620.000.000.01-0.01
RussiaMICEX 5893044.820.000.000.02-0.02
PakistanKSE 4091056.230.000.000.03-0.03
PortugalLISBON 901041.110.000.000.04-0.04
BangladeshDSE 2413454.1730.770.000.08-0.08
TurkeyBIST 2510440.0040.000.400.60-0.20
SwedenSTOCKHOLM 217233.3328.570.140.57-0.43
ArgentinaBUE 5618532.1427.780.500.94-0.44
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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