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 1/1/2019
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 124653952.4260.0011.683.388.29
CanadaCSE 1981037352.0270.879.502.507.00
JordanASE 3213840.6361.545.150.924.23
Vietnam HNX 2191006145.6661.005.911.684.23
IndiaNSE 3072136080144.2758.905.041.253.80
ChileBCS 135664448.8966.673.710.363.35
CanadaTSX-V 46526514857.2055.645.602.273.33
TurkeyBIST 56624813443.8254.034.301.223.08
IndiaBSE 61622830160945.9656.814.791.882.91
USOTC PINK 50312922147258.7849.785.482.932.55
JapanSAPPORO 64166.6725.002.500.002.50
Hong KongHKEX 3037141475546.5653.393.641.152.48
ChinaSZSE 37491937104951.6754.163.461.042.42
Poland GPW 149775741550.5754.823.831.412.42
USNASDAQ 79544144217352.1452.403.741.352.39
PakistanKSE 47726514955.5656.233.981.592.39
IsraelTASE 130466137850.6957.193.240.872.37
NorwayOSE 70235018549.8652.863.461.212.25
SwedenSTOCKHOLM 2521118559247.3649.583.501.342.16
SpainIBEX 44421411248.2052.342.930.792.14
UAEUAE 3313839.3961.542.150.082.08
ChinaSSE 3086162686452.6953.142.950.882.06
South KoreaKOSDAQ 38691849101647.7954.953.221.182.04
MalaysiaBURSA 69534317549.3551.022.930.902.03
MexicoBMV 53232315760.7148.612.830.891.94
TaiwanGTSM 172484546749.0155.272.750.911.84
ArgentinaBUE 65228113643.1048.403.381.561.81
PhilippinesPSE 52224112246.1750.622.780.991.79
BangladeshDSE 55329315652.9853.242.951.231.72
QatarQE 157824352.2352.442.380.661.72
The World 128750648203296850.4150.802.761.061.69
Vietnam HOSE 116955030147.0554.732.881.201.68
Greece ATHENS 3291517245.9047.682.921.251.67
ThailandSET 70134217548.7951.172.691.031.66
AustraliaASX 1995104550052.3847.852.661.081.58
FrancePARIS 2474123362349.8450.532.340.831.50
South KoreaKRX 43502168113550.0552.142.290.811.48
Poland GPW 179852.9488.891.440.001.44
RussiaMICEX 57026112846.6748.122.170.731.44
USNYSE 109705590270250.9848.322.080.691.39
CanadaTSX 3527178687350.6448.882.110.751.35
CanadaTSX 209545.0055.561.560.221.33
IndonesiaIDX 65328214043.1949.652.721.411.30
JapanTOKYO 115206123317553.1551.852.240.941.30
DenmarkCOPENHAGEN 43622110450.6947.062.431.171.26
NetherlandsAMSTERDAM 75437018449.0749.731.860.621.23
KuwaitKSE 2411225450.6244.262.160.941.22
EgyptEGX 2621296549.2450.393.292.071.22
BelgiumBRUSSELS 3211738753.8950.291.860.671.18
ItalyBORSA 2897148568651.2646.201.920.841.08
JapanNAGOYA 123623051.2247.621.890.811.08
USAMEX 169296545057.0346.632.251.191.06
BrazilBOVESPA 186589240148.2644.562.071.021.05
UKLSE 59993050138450.8445.381.950.911.05
Saudi ArabiaTADAWUL 3731819148.2650.561.850.811.04
UAEUAE 93512254.8443.141.980.941.04
GermanyXETRA 46102332110250.5947.261.750.731.02
PortugalLISBON 2012760.0058.331.250.251.00
TaiwanTWSE 2477122060349.2549.431.780.810.97
SpainIBEX 2111652.3854.551.180.270.91
RussiaMICEX 127458.3357.141.140.290.86
USPREFERRED 159079536550.0045.911.230.410.82
SwitzerlandSIX 164582537350.1545.211.400.650.74
PortugalLISBON 93402143.0152.501.931.200.73
AustraliaASX 3614638.8942.860.860.140.71
SingaporeSGX 187238.8928.570.860.140.71
Greece ATHENS 189550.0055.561.000.330.67
JapanTOKYO 2112957.1475.000.580.000.58
SingaporeSGX 2201054247.7340.001.370.790.58
DenmarkCOPENHAGEN 48191439.5873.680.680.110.58
Hong KongHKEX 3216850.0050.000.690.130.56
PhilippinesPSE 42251159.5244.000.680.120.56
MalaysiaBURSA 31181158.0661.110.780.220.56
USFOREX 54272150.0077.780.630.110.52
GermanyXETRA 169556.2555.560.780.330.44
FrancePARIS 169556.2555.560.780.330.44
ItalyBORSA 169556.2555.560.780.330.44
ThailandSET 2017885.0047.060.590.180.41
JapanFUKUOKA 45221048.8945.451.140.730.41
BelgiumBRUSSELS 1810555.5650.000.700.300.40
MexicoBMV 2510740.0070.000.600.200.40
NetherlandsAMSTERDAM 1810555.5650.000.700.300.40
BrazilBOVESPA 25161064.0062.500.940.560.38
ChileBCS 23191182.6157.890.740.420.32
IndonesiaIDX 187438.8957.140.430.140.29
UKLSE 2815753.5746.670.870.600.27
Austria WIENERBORSE 148457.1450.000.630.380.25
Austria WIENERBORSE 143673546.8552.241.811.570.24
PakistanKSE 5117733.3341.180.530.350.18
SwitzerlandSIX 207335.0042.860.570.430.14
TurkeyBIST 177441.1857.140.570.430.14
ChinaSSE 2715855.5653.330.270.130.13
IndiaNSE 178347.0637.500.380.250.13
FOREXFOREX 3417850.0047.060.410.290.12
Vietnam HOSE 32191059.3852.630.260.160.11
South KoreaKOSDAQ 2610438.4640.000.300.200.10
TaiwanGTSM 136346.1550.000.330.330.00
NorwayOSE 2411545.8345.450.360.360.00
IsraelTASE 135338.4660.000.600.600.00
BangladeshDSE 2012460.0033.330.000.08-0.08
SwedenSTOCKHOLM 207235.0028.570.140.57-0.43
ArgentinaBUE 5017534.0029.410.531.00-0.47
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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