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 96482950.0060.428.881.986.90
IndiaNSE 2613125670248.0755.894.791.283.52
ArgentinaBUE 2921317844.8659.544.271.213.06
UAEUAE 87512858.6254.903.490.592.90
PakistanKSE 51026115651.1859.773.971.122.85
CanadaTSX-V 32718710657.1956.685.262.482.78
USOTC PINK 42352499125259.4849.705.212.472.74
UAEUAE 1910752.6370.002.800.102.70
IndiaBSE 48712490132051.1253.014.431.862.57
Hong KongHKEX 3402163887948.3053.503.721.162.56
TurkeyBIST 65027914742.9252.693.641.112.53
JapanSAPPORO 64166.6725.002.500.002.50
IsraelTASE 95448828451.1558.203.300.852.46
Vietnam HNX 148663144.5946.973.671.242.42
NorwayOSE 54927714350.4651.623.281.072.21
SpainIBEX 50223712747.2153.593.020.862.16
IndonesiaIDX 57025214344.2156.753.311.162.15
ChinaSZSE 3277171085952.1850.233.511.452.06
Poland GPW 128262634648.8355.273.171.142.03
USNASDAQ 75503776194950.0151.623.191.172.02
ChileBCS 110452640.9157.782.440.491.96
ChinaSSE 2542135766153.3848.713.201.281.92
ThailandSET 62432015851.2849.382.880.981.90
QatarQE 141704349.6561.432.360.511.84
JordanASE 3418852.9444.443.001.171.83
South KoreaKOSDAQ 41612095109050.3752.003.071.281.79
JapanNAGOYA 134683350.7548.532.460.691.76
MalaysiaBURSA 69533617348.3551.492.540.791.74
USAMEX 136776035755.6046.972.941.221.72
TaiwanGTSM 166083444550.2453.362.690.991.70
SwedenSTOCKHOLM 2359110052646.6347.822.981.291.69
The World 113573571442871650.3450.222.741.071.67
Vietnam HOSE 92244723648.4852.802.751.091.67
Greece ATHENS 2741195043.4342.023.191.601.60
South KoreaKRX 47522383125150.1552.502.460.871.59
FrancePARIS 2439118159648.4250.472.360.821.54
CanadaTSX 3243170185752.4550.382.260.741.52
RussiaMICEX 64730214646.6848.342.480.971.51
PhilippinesPSE 43119510045.2451.282.541.041.51
Saudi ArabiaTADAWUL 2871598155.4050.942.631.131.50
SpainIBEX 146342.8650.002.000.501.50
Poland GPW 179852.9488.891.440.001.44
AustraliaASX 168786939751.5145.682.410.971.44
PortugalLISBON 147450.0057.141.860.431.43
JapanTOKYO 110355680288651.4750.812.390.991.39
NetherlandsAMSTERDAM 69832817146.9952.132.010.631.38
BrazilBOVESPA 146442.8666.671.670.331.33
USNYSE 108805419260249.8148.022.030.711.33
BangladeshDSE 60332716854.3951.222.621.331.30
Austria WIENERBORSE 2381195350.0044.542.291.031.26
GermanyXETRA 3448174786150.6749.282.040.841.21
TaiwanTWSE 2501125261150.0648.802.000.801.20
Hong KongHKEX 166537.5083.331.170.001.17
BrazilBOVESPA 136960827944.4145.892.271.161.11
MexicoBMV 48126611055.3041.352.030.941.09
ItalyBORSA 2342122059452.0948.692.050.961.09
UKLSE 61452971133348.4344.791.990.911.08
CanadaTSX 124233.3350.001.250.251.00
MalaysiaBURSA 2111952.3881.821.090.091.00
Greece ATHENS 125341.6760.001.600.601.00
SwitzerlandSIX 151276734850.7345.371.620.640.98
KuwaitKSE 134713552.9949.302.151.200.96
BelgiumBRUSSELS 45021610248.0047.221.730.780.94
DenmarkCOPENHAGEN 3212937.5075.000.920.000.92
PortugalLISBON 113583151.3353.452.031.120.91
DenmarkCOPENHAGEN 4262199851.4144.751.951.060.89
RussiaMICEX 117463.6457.141.140.290.86
SwitzerlandSIX 135338.4660.000.800.000.80
JapanFUKUOKA 4117641.4635.291.120.410.71
USPREFERRED 165678534947.4044.461.060.380.67
ThailandSET 109590.0055.560.670.000.67
USFOREX 35181451.4377.780.670.060.61
IndonesiaIDX 125341.6760.000.600.000.60
JapanTOKYO 1610762.5070.000.600.000.60
UKLSE 2310543.4850.001.200.600.60
EgyptEGX 191994251.8342.422.812.210.60
TurkeyBIST 156440.0066.670.670.170.50
SingaporeSGX 156140.0016.670.670.170.50
ChileBCS 1714882.3557.140.860.360.50
MexicoBMV 228636.3675.000.630.130.50
IndiaNSE 95255.5640.000.600.200.40
AustraliaASX 2410341.6730.000.600.200.40
SingaporeSGX 2301173950.8733.331.371.020.35
FOREXFOREX 2511644.0054.550.450.180.27
Vietnam HOSE 1912763.1658.330.420.170.25
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 199547.3755.560.440.220.22
NetherlandsAMSTERDAM 115245.4540.000.800.600.20
TaiwanGTSM 115345.4560.000.400.200.20
South KoreaKOSDAQ 175229.4140.000.400.200.20
BelgiumBRUSSELS 115245.4540.000.800.600.20
PhilippinesPSE 3016653.3337.500.310.130.19
IsraelTASE 105350.0060.000.600.600.00
NorwayOSE 2310543.4850.000.400.400.00
PakistanKSE 2912441.3833.330.330.42-0.08
BangladeshDSE 1811461.1136.360.000.09-0.09
ArgentinaBUE 3211534.3845.450.821.18-0.36
SwedenSTOCKHOLM 185227.7840.000.200.60-0.40
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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