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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 105563553.3362.508.751.707.05
IndiaNSE 2756131573447.7155.824.771.273.49
ArgentinaBUE 3291428243.1657.754.131.272.87
UAEUAE 90522857.7853.853.420.602.83
PakistanKSE 52826715850.5759.183.911.152.76
USOTC PINK 46372707135658.9649.605.182.532.66
Vietnam HNX 158723345.5745.833.831.212.63
CanadaTSX-V 34819711156.6156.355.322.712.61
TurkeyBIST 67329115643.2453.613.731.122.61
IndiaBSE 50762570135950.6352.884.411.862.55
JapanSAPPORO 64166.6725.002.500.002.50
Hong KongHKEX 3535170191048.1253.503.661.172.49
IsraelTASE 102052429951.3757.063.200.872.33
UAEUAE 2212754.5558.332.330.082.25
NorwayOSE 57528814950.0951.743.251.072.18
SpainIBEX 51424213047.0853.723.020.872.15
Poland GPW 136867337649.2055.873.331.192.14
IndonesiaIDX 59826414844.1556.063.331.202.13
ChileBCS 118503042.3760.002.540.442.10
USNASDAQ 78653935203950.0351.823.231.162.07
JordanASE 3818847.3744.443.001.002.00
ThailandSET 64532516250.3949.852.960.971.99
ChinaSZSE 3475181490752.2050.003.441.461.99
ChinaSSE 2687142270452.9249.513.181.251.92
TaiwanGTSM 174688147550.4653.922.730.961.77
JapanNAGOYA 143703448.9548.572.440.671.77
QatarQE 146734350.0058.902.260.521.74
South KoreaKOSDAQ 43202173112650.3051.823.021.291.73
MalaysiaBURSA 72235418249.0351.412.460.771.69
The World 118073593402973150.2850.082.731.091.65
SwedenSTOCKHOLM 2472114654946.3647.912.941.311.63
Austria WIENERBORSE 4216638.1037.504.252.631.63
Vietnam HOSE 98548124948.8351.772.701.101.60
South KoreaKRX 45902285120049.7852.522.480.881.60
FrancePARIS 2471119359948.2850.212.360.801.56
Greece ATHENS 2761285546.3842.973.051.501.55
PhilippinesPSE 44820110344.8751.242.521.031.48
USAMEX 144079136454.9346.022.861.391.47
Poland GPW 179852.9488.891.440.001.44
CanadaTSX 3417179289352.4449.832.220.781.44
BrazilBOVESPA 157546.6771.431.710.291.43
Saudi ArabiaTADAWUL 3071698555.0550.302.511.121.39
NetherlandsAMSTERDAM 72334217747.3051.752.000.631.37
AustraliaASX 179092441951.6245.352.381.021.36
RussiaMICEX 67131214946.5047.762.330.991.34
KuwaitKSE 139764054.6852.632.381.051.33
USNYSE 113675626270949.4948.152.020.701.33
BangladeshDSE 61133817355.3251.182.651.331.32
JapanTOKYO 117446040305251.4350.532.321.021.30
PortugalLISBON 158453.3350.001.630.381.25
TaiwanTWSE 2638130864649.5849.392.040.801.24
GermanyXETRA 3595180888750.3249.032.030.841.20
SpainIBEX 168450.0050.001.500.381.13
MexicoBMV 50228311656.3740.992.040.931.11
ItalyBORSA 2432126461051.9748.261.990.951.05
UKLSE 63763091137648.5144.491.950.911.04
MalaysiaBURSA 22131059.0976.921.080.081.00
BrazilBOVESPA 145566129345.4344.332.141.160.97
PortugalLISBON 114593251.7554.242.031.100.93
SwitzerlandSIX 158580536050.7944.721.600.670.93
DenmarkCOPENHAGEN 3412935.2975.000.920.000.92
BelgiumBRUSSELS 46522410448.1746.431.670.790.88
RussiaMICEX 117463.6457.141.140.290.86
Greece ATHENS 136346.1550.001.330.500.83
DenmarkCOPENHAGEN 45023510552.0044.871.911.080.83
EgyptEGX 2021054651.9843.812.932.110.82
CanadaTSX 145235.7140.001.000.200.80
SwitzerlandSIX 145335.7160.000.800.000.80
AustraliaASX 2713648.1546.150.920.150.77
Hong KongHKEX 219642.8666.670.780.110.67
UKLSE 2411645.8354.551.180.550.64
IndonesiaIDX 125341.6760.000.600.000.60
JapanTOKYO 1610762.5070.000.600.000.60
USPREFERRED 182786637547.4043.301.030.440.59
ChileBCS 1714882.3557.140.860.360.50
MexicoBMV 228636.3675.000.630.130.50
SingaporeSGX 156140.0016.670.670.170.50
ThailandSET 1110590.9150.000.600.100.50
USFOREX 41201548.7875.000.600.100.50
SingaporeSGX 2401214250.4234.711.450.980.46
JapanFUKUOKA 5123945.1039.131.130.700.43
IndiaNSE 105250.0040.000.600.200.40
Vietnam HOSE 2415862.5053.330.330.130.20
Austria WIENERBORSE 105250.0040.000.800.600.20
GermanyXETRA 115245.4540.000.800.600.20
South KoreaKOSDAQ 175229.4140.000.400.200.20
ItalyBORSA 115245.4540.000.800.600.20
FrancePARIS 115245.4540.000.800.600.20
PhilippinesPSE 3116651.6137.500.310.130.19
ChinaSSE 2011655.0054.550.360.180.18
NetherlandsAMSTERDAM 126250.0033.330.670.500.17
BelgiumBRUSSELS 126250.0033.330.670.500.17
FOREXFOREX 2712644.4450.000.420.250.17
TurkeyBIST 167443.7557.140.570.430.14
IsraelTASE 105350.0060.000.600.600.00
NorwayOSE 2310543.4850.000.400.400.00
TaiwanGTSM 126350.0050.000.330.330.00
BangladeshDSE 2012460.0033.330.000.08-0.08
PakistanKSE 3113441.9430.770.310.46-0.15
SwedenSTOCKHOLM 185227.7840.000.200.60-0.40
ArgentinaBUE 3312536.3641.670.751.17-0.42
USOTCBB 52140.0050.003.003.50-0.50
USWARRANTS 166137.5016.672.173.33-1.17
OmanMSM 331100.0033.330.333.00-2.67
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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