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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
IndiaNSE 146174440650.9254.574.321.103.22
PakistanKSE 3231659751.0858.793.651.122.53
IndiaBSE 2843146978851.6753.644.211.702.51
JapanSAPPORO 64166.6725.002.500.002.50
ChinaSZSE 173193651254.0754.703.681.192.48
TurkeyBIST 3561649846.0759.763.230.852.38
Poland GPW 75134620546.0759.253.240.902.34
QatarQE 78332342.3169.702.610.362.24
ArgentinaBUE 189834643.9255.423.311.072.24
UAEUAE 51291556.8651.722.760.552.21
IsraelTASE 55329317552.9859.733.010.832.18
USAMEX 54028213852.2248.943.601.432.17
Hong KongHKEX 206798552547.6553.303.231.112.12
Vietnam HNX 104502648.0852.003.401.282.12
CanadaCSE 60301550.0050.006.474.372.10
ChinaSSE 136574638454.6551.473.101.052.05
NorwayOSE 3151598250.4851.573.010.972.03
CanadaTSX-V 2421397857.8555.714.442.412.02
SpainIBEX 93233.3366.672.670.672.00
USNASDAQ 47822299118548.1451.482.961.061.91
TaiwanGTSM 90645425650.1156.392.660.781.89
MalaysiaBURSA 42919910446.3952.262.530.671.86
Vietnam HOSE 51625013748.4554.802.961.121.85
KuwaitKSE 68342250.0064.712.851.031.82
USOTC PINK 2561150872058.8847.754.622.811.81
BrazilBOVESPA 115445.4580.002.000.201.80
RussiaMICEX 3221518247.2053.952.490.701.79
USWARRANTS 53160.0033.332.330.671.67
South KoreaKOSDAQ 2391124466152.0753.092.731.121.61
Poland GPW 157646.6785.711.570.001.57
ThailandSET 3191607750.1648.132.300.831.48
SpainIBEX 3231437244.2750.352.370.921.45
The World 67213334391675249.7650.082.481.051.43
PortugalLISBON 125341.6760.001.800.401.40
Saudi ArabiaTADAWUL 135734154.0756.162.150.791.36
SwedenSTOCKHOLM 136364030946.9648.282.561.211.35
BangladeshDSE 3671859750.4152.432.511.181.33
FrancePARIS 143566834246.5551.202.020.751.28
JapanFUKUOKA 3416647.0637.501.440.191.25
CanadaTSX 190497147151.0048.512.070.851.22
South KoreaKRX 2675131568349.1651.941.980.781.20
JapanNAGOYA 78361946.1552.781.810.641.17
AustraliaASX 99947822247.8546.442.110.991.12
Greece ATHENS 191823742.9345.122.571.481.10
MexicoBMV 3141777656.3742.941.930.841.10
USNYSE 70113473167049.5448.091.800.741.06
PhilippinesPSE 2781296246.4048.062.121.091.03
CanadaTSX 114236.3650.001.250.251.00
SwitzerlandSIX 114236.3650.001.000.001.00
MalaysiaBURSA 158753.3387.501.000.001.00
RussiaMICEX 106460.0066.671.330.331.00
PortugalLISBON 61271444.2651.852.111.111.00
JapanTOKYO 63853172154949.7148.802.031.070.97
Austria WIENERBORSE 134692751.4939.131.810.870.94
ItalyBORSA 136569333850.7748.771.890.950.94
GermanyXETRA 193098047550.7848.471.670.790.88
DenmarkCOPENHAGEN 2411255751.8745.602.021.160.86
IndonesiaIDX 3441587545.9347.472.251.400.85
UKLSE 3774174774146.2942.421.810.970.84
AustraliaASX 176335.2950.001.000.170.83
NetherlandsAMSTERDAM 3821777646.3442.941.460.680.79
IndonesiaIDX 84250.0050.000.750.000.75
ChileBCS 63241438.1058.331.290.540.75
ChileBCS 1413892.8661.541.000.310.69
USFOREX 31161251.6175.000.750.060.69
Greece ATHENS 103230.0066.671.330.670.67
BelgiumBRUSSELS 2401165748.3349.141.340.690.65
JapanTOKYO 128666.6775.000.630.000.63
TaiwanTWSE 134068532451.1247.301.450.870.58
SwitzerlandSIX 82240417349.1542.821.130.600.53
SingaporeSGX 126150.0016.670.670.170.50
UAEUAE 148557.1462.500.630.130.50
MexicoBMV 208640.0075.000.630.130.50
BrazilBOVESPA 73632014143.4844.061.701.230.47
USPREFERRED 99448722248.9945.590.870.410.46
ThailandSET 87387.5042.860.430.000.43
IndiaNSE 85262.5040.000.600.200.40
NorwayOSE 165331.2560.000.600.200.40
FOREXFOREX 198542.1162.500.500.130.38
EgyptEGX 99491949.4938.782.572.200.37
PhilippinesPSE 2211450.0036.360.360.000.36
ArgentinaBUE 177441.1857.140.860.570.29
Vietnam HOSE 1511773.3363.640.450.180.27
Hong KongHKEX 104340.0075.000.250.000.25
TurkeyBIST 84250.0050.000.500.250.25
TaiwanGTSM 85362.5060.000.400.200.20
South KoreaKOSDAQ 155233.3340.000.400.200.20
DenmarkCOPENHAGEN 207535.0071.430.140.000.14
ChinaSSE 147350.0042.860.430.290.14
SingaporeSGX 151752849.6737.331.090.990.11
IsraelTASE 95355.5660.000.600.600.00
BangladeshDSE 147350.0042.860.000.000.00
PakistanKSE 2310343.4830.000.400.400.00
UKLSE 145235.7140.000.400.80-0.40
USOTCBB 52140.0050.003.003.50-0.50
BelgiumBRUSSELS 93133.3333.330.000.67-0.67
NetherlandsAMSTERDAM 93133.3333.330.000.67-0.67
SwedenSTOCKHOLM 143121.4333.330.000.67-0.67
JordanASE 2411245.8318.181.001.82-0.82
FrancePARIS 82125.0050.000.001.00-1.00
GermanyXETRA 82125.0050.000.001.00-1.00
Austria WIENERBORSE 72128.5750.000.001.00-1.00
ItalyBORSA 82125.0050.000.001.00-1.00
OmanMSM 32066.670.000.004.50-4.50
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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