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 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 166966757.8369.7911.051.469.59
SpainIBEX 48524113449.6955.603.990.843.15
CanadaTSX-V 49827614155.4251.095.592.642.95
ChileBCS 164784647.5658.973.430.572.87
Vietnam HNX 3031487648.8451.354.611.832.78
IndiaNSE 41421879102145.6553.994.101.432.66
USNASDAQ 95215047264053.0852.244.031.392.64
TurkeyBIST 74931916242.5950.784.161.622.54
USOTC PINK 48192808141459.6849.175.342.802.53
JapanSAPPORO 64166.6725.002.500.002.50
SwedenSTOCKHOLM 3018143676447.5853.203.811.332.48
Hong KongHKEX 3264158383348.5052.623.801.342.46
IsraelTASE 160782847151.6556.753.200.942.26
MexicoBMV 51730316458.6154.133.251.062.19
IndiaBSE 90574293227247.6152.694.071.952.12
South KoreaKOSDAQ 45532229118748.9653.253.321.212.11
UAEUAE 149935862.4262.372.660.592.07
IndonesiaIDX 92038819542.1750.263.351.381.97
BelgiumBRUSSELS 3121527548.7249.342.580.711.87
PakistanKSE 46224412552.8151.233.591.721.87
ChinaSZSE 51232570129950.1750.542.881.141.74
JapanNAGOYA 130743656.9248.652.400.661.74
FrancePARIS 2666132464749.6648.872.640.991.65
ChinaSSE 46222362119551.1050.592.711.071.64
UAEUAE 4517937.7852.941.710.121.59
BangladeshDSE 51328614655.7551.052.881.301.59
Saudi ArabiaTADAWUL 51425113048.8351.792.340.761.58
TaiwanGTSM 197294747848.1750.322.520.971.56
The World 153515764713815350.6749.052.681.131.55
JordanASE 38191150.0057.892.360.811.55
NorwayOSE 101554227353.4050.372.951.411.54
MalaysiaBURSA 86239818446.1746.232.721.201.53
AustraliaASX 2368128261254.1447.742.761.241.52
PhilippinesPSE 52825812248.8647.292.581.071.52
Poland GPW 1988100451050.7550.553.121.631.49
CanadaTSX 3927201898451.3948.762.270.801.47
Poland GPW 179852.9488.891.440.001.44
South KoreaKRX 52112568132849.3251.672.370.931.44
ThailandSET 89444221349.4448.192.551.131.42
Vietnam HOSE 146568734746.8950.512.611.201.41
CanadaTSX 2610638.4660.001.500.201.30
USAMEX 2034120154559.0545.382.311.011.30
EgyptEGX 3301577947.5850.323.261.981.28
QatarQE 172934454.0747.312.130.861.27
Greece ATHENS 4462059345.9645.372.431.181.25
USNYSE 133566973333352.2147.802.020.811.21
PortugalLISBON 102412240.2053.662.251.081.17
Austria WIENERBORSE 3631819649.8653.042.321.171.15
JapanTOKYO 135447234361253.4149.932.120.991.13
SingaporeSGX 2561276349.6149.611.830.721.12
UKLSE 71913674173751.1347.242.060.971.09
BrazilBOVESPA 2769132459247.8544.682.111.051.06
GermanyXETRA 59103020145051.1048.011.800.771.03
NetherlandsAMSTERDAM 90846621551.3246.141.670.661.01
KuwaitKSE 3061505649.0237.332.031.040.99
ItalyBORSA 3579185486751.8046.761.830.850.98
TaiwanTWSE 3038147769448.6246.991.830.860.96
PortugalLISBON 2616961.5456.251.130.190.94
SpainIBEX 2815853.5753.331.070.200.87
FOREXFOREX 59301450.8546.671.170.330.83
JapanFUKUOKA 3515842.8653.331.590.770.82
SwitzerlandSIX 193799245551.3745.731.510.770.74
MalaysiaBURSA 48261754.1765.380.850.150.69
Greece ATHENS 2713748.1553.850.920.230.69
DenmarkCOPENHAGEN 45424410153.7441.391.971.290.67
BrazilBOVESPA 34201358.8265.001.100.450.65
SwitzerlandSIX 2811539.2945.450.910.270.64
PhilippinesPSE 53301556.6050.000.670.100.57
FrancePARIS 2413754.1753.850.770.230.54
GermanyXETRA 2313756.5253.850.770.230.54
ItalyBORSA 2413754.1753.850.770.230.54
USFOREX 66322348.4871.880.690.160.53
NetherlandsAMSTERDAM 2514756.0050.000.710.210.50
BelgiumBRUSSELS 2514756.0050.000.710.210.50
DenmarkCOPENHAGEN 58251743.1068.000.600.120.48
AustraliaASX 5519734.5536.840.630.160.47
JapanTOKYO 34181352.9472.220.500.060.44
ThailandSET 25211184.0052.380.620.190.43
Hong KongHKEX 41211051.2247.620.620.190.43
Austria WIENERBORSE 2112657.1450.000.670.250.42
UKLSE 35201157.1455.000.850.450.40
MexicoBMV 2510740.0070.000.600.200.40
IndonesiaIDX 2610538.4650.000.500.100.40
SingaporeSGX 2814650.0042.860.500.140.36
ChinaSSE 35211160.0052.380.290.100.19
ChileBCS 29211172.4152.380.670.480.19
South KoreaKOSDAQ 3413638.2446.150.380.230.15
ArgentinaBUE 138360125544.5441.402.522.410.10
IndiaNSE 2210445.4540.000.300.200.10
PakistanKSE 102261125.4942.310.500.420.08
Vietnam HOSE 39221156.4150.000.230.180.05
USPREFERRED 17064149.530.120.000.000.00
NorwayOSE 2511544.0045.450.360.360.00
IsraelTASE 145335.7160.000.600.600.00
RussiaMICEX 5770044.890.000.000.000.00
RussiaMICEX 2315565.2233.330.730.730.00
TaiwanGTSM 147450.0057.140.290.290.00
USWARRANTS 1310054.200.000.000.000.00
BangladeshDSE 3118458.0622.220.000.22-0.22
SwedenSTOCKHOLM 258332.0037.500.250.50-0.25
TurkeyBIST 4712425.5333.330.330.67-0.33
ArgentinaBUE 6320531.7525.000.450.90-0.45
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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