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 88452651.1457.788.962.116.84
IndiaNSE 2413120166949.7755.704.881.233.64
ArgentinaBUE 2691237445.7260.164.231.123.11
USOTC PINK 40762421123859.7650.825.422.423.00
UAEUAE 179652.9466.673.110.113.00
UAEUAE 85492757.6555.103.550.592.96
PakistanKSE 50125715451.3059.924.001.122.88
IndiaBSE 46302407128251.9953.264.471.782.69
IsraelTASE 89745626950.8458.993.360.762.60
Hong KongHKEX 3243156784548.3253.923.731.142.59
TurkeyBIST 61926514342.8153.963.581.022.56
JapanSAPPORO 64166.6725.002.500.002.50
CanadaTSX-V 31117810357.2357.875.202.722.48
Vietnam HNX 141663246.8148.483.681.212.47
SpainIBEX 48422812447.1154.393.090.822.27
NorwayOSE 51726313350.8750.573.321.082.25
Poland GPW 120558332848.3856.263.251.012.24
IndonesiaIDX 55224714244.7557.493.341.132.22
ChinaSZSE 3103164283552.9250.853.581.452.13
ThailandSET 56829515351.9451.863.010.892.12
JapanNAGOYA 132653349.2450.772.710.632.08
USNASDAQ 73123667189850.1651.743.181.122.06
ChinaSSE 2414129663453.6948.923.271.271.99
South KoreaKOSDAQ 40262040107850.6752.843.201.231.97
QatarQE 132664150.0062.122.410.501.91
Greece ATHENS 2631145143.3544.743.351.471.88
ChileBCS 110442540.0056.822.340.481.86
TaiwanGTSM 152977942550.9554.562.770.921.85
USAMEX 129772634355.9847.253.001.181.82
MalaysiaBURSA 66932717048.8851.992.570.771.80
SwedenSTOCKHOLM 2248104650646.5348.373.021.271.75
The World 109887554822811650.5150.662.781.031.74
Vietnam HOSE 83440521548.5653.092.811.061.74
JordanASE 4019847.5042.112.841.111.74
Saudi ArabiaTADAWUL 2701527856.3051.322.721.011.70
South KoreaKRX 45182278121650.4253.382.490.841.65
FrancePARIS 2364114658148.4850.702.410.801.60
CanadaTSX 3111163482352.5250.372.310.721.59
JapanTOKYO 103335315274251.4451.592.470.951.52
SpainIBEX 146342.8650.002.000.501.50
AustraliaASX 160983138451.6546.212.420.961.47
PhilippinesPSE 4131899545.7650.262.521.061.46
NetherlandsAMSTERDAM 66631316547.0052.722.060.611.45
Poland GPW 179852.9488.891.440.001.44
PortugalLISBON 147450.0057.141.860.431.43
RussiaMICEX 59427413146.1347.812.461.051.41
Austria WIENERBORSE 2251145150.6744.742.220.831.39
USNYSE 106415345258850.2348.422.070.681.38
BangladeshDSE 60532917054.3851.672.691.321.37
GermanyXETRA 3245164883850.7950.852.110.771.34
BrazilBOVESPA 146442.8666.671.670.331.33
TaiwanTWSE 2322118858651.1649.332.050.781.27
KuwaitKSE 118643354.2451.562.341.081.27
Hong KongHKEX 135438.4680.001.200.001.20
UKLSE 59522883130448.4445.232.010.871.14
BrazilBOVESPA 131958926544.6644.992.251.131.12
MexicoBMV 46525910755.7041.312.030.931.10
ItalyBORSA 2215115356152.0548.662.020.951.06
SwitzerlandSIX 140671932951.1445.761.670.611.06
MalaysiaBURSA 1911957.8981.821.090.091.00
JapanFUKUOKA 4417638.6435.291.410.411.00
CanadaTSX 124233.3350.001.250.251.00
Greece ATHENS 125341.6760.001.600.601.00
DenmarkCOPENHAGEN 4162149851.4445.792.001.070.93
DenmarkCOPENHAGEN 3212937.5075.000.920.000.92
PortugalLISBON 107583154.2153.452.031.120.91
EgyptEGX 169853650.3042.352.741.840.91
BelgiumBRUSSELS 4372099747.8346.411.690.800.89
RussiaMICEX 117463.6457.141.140.290.86
SwitzerlandSIX 135338.4660.000.800.000.80
ThailandSET 109590.0055.560.670.000.67
USFOREX 32171353.1376.470.710.060.65
USPREFERRED 163277233947.3043.911.020.400.61
IndonesiaIDX 115345.4560.000.600.000.60
JapanTOKYO 1610762.5070.000.600.000.60
UKLSE 2310543.4850.001.200.600.60
SingaporeSGX 146142.8616.670.670.170.50
TurkeyBIST 146442.8666.670.670.170.50
AustraliaASX 228336.3637.500.750.250.50
ChileBCS 1714882.3557.140.860.360.50
MexicoBMV 228636.3675.000.630.130.50
IndiaNSE 95255.5640.000.600.200.40
Vietnam HOSE 1611768.7563.640.450.180.27
FOREXFOREX 2511644.0054.550.450.180.27
ItalyBORSA 104240.0050.001.000.750.25
FrancePARIS 104240.0050.001.000.750.25
GermanyXETRA 104240.0050.001.000.750.25
Austria WIENERBORSE 94244.4450.001.000.750.25
ChinaSSE 189550.0055.560.440.220.22
TaiwanGTSM 105350.0060.000.400.200.20
South KoreaKOSDAQ 175229.4140.000.400.200.20
NetherlandsAMSTERDAM 115245.4540.000.800.600.20
BelgiumBRUSSELS 115245.4540.000.800.600.20
PhilippinesPSE 3016653.3337.500.310.130.19
SingaporeSGX 2241163751.7931.901.221.080.15
IsraelTASE 105350.0060.000.600.600.00
NorwayOSE 2310543.4850.000.400.400.00
PakistanKSE 2611442.3136.360.360.360.00
BangladeshDSE 1811461.1136.360.000.09-0.09
ArgentinaBUE 3011536.6745.450.821.18-0.36
SwedenSTOCKHOLM 185227.7840.000.200.60-0.40
USOTCBB 52140.0050.003.003.50-0.50
OmanMSM 331100.0033.330.333.00-2.67
USWARRANTS 197136.8414.291.865.00-3.14
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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