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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 4420945.4545.007.352.155.20
ChinaSZSE 189099760352.7560.484.621.023.59
IndiaNSE 165682650649.8861.264.490.913.58
USOTC PINK 2893170294558.9055.465.461.923.54
ArgentinaBUE 182785242.8666.674.230.733.50
IndiaBSE 35071796107151.2159.634.861.443.42
Saudi ArabiaTADAWUL 153955762.0960.003.980.733.25
ChinaSSE 146879848254.3660.404.080.893.19
Hong KongHKEX 2424120572549.7160.174.080.913.17
PakistanKSE 40220713351.4964.254.020.873.15
USAMEX 63335321155.7759.773.940.952.99
IsraelTASE 62132821752.8266.163.180.632.56
RussiaMICEX 39619510949.2455.903.460.902.55
TaiwanGTSM 107455934752.0562.083.240.692.55
NorwayOSE 38518910949.0957.673.520.982.54
Poland GPW 93945729248.6763.893.260.742.52
JapanSAPPORO 64166.6725.002.500.002.50
USNASDAQ 54072658157549.2059.213.210.752.46
South KoreaKOSDAQ 2977151492151.2660.353.310.862.45
TurkeyBIST 46020813245.2263.463.300.882.43
KuwaitKSE 58301851.7260.003.230.832.40
CanadaTSX-V 2471558663.1655.134.732.392.34
IndonesiaIDX 3591589444.0159.493.271.042.23
Vietnam HNX 133623146.6250.003.371.212.16
SpainIBEX 3631649645.1858.542.710.582.13
Vietnam HOSE 55828516851.0858.952.970.882.08
ThailandSET 39720510451.6450.732.840.772.07
The World 78168394972236350.5556.592.820.802.01
SpainIBEX 83237.5066.672.670.672.00
Greece ATHENS 190804342.1153.753.241.242.00
SwedenSTOCKHOLM 153873640747.8555.302.760.931.83
QatarQE 91382841.7673.682.130.321.82
BrazilBOVESPA 115445.4580.002.000.201.80
South KoreaKRX 3187160193050.2758.052.470.671.80
MalaysiaBURSA 50024412948.8052.872.430.661.77
CanadaTSX 2280118166751.8056.482.300.591.71
AustraliaASX 114458031450.7054.142.420.711.71
UAEUAE 57291750.8858.622.170.481.69
PortugalLISBON 79453156.9668.892.420.731.69
BangladeshDSE 40321612253.6056.482.590.971.62
JapanTOKYO 75563777211649.9956.022.400.781.61
FrancePARIS 174784047748.0856.792.200.621.58
Poland GPW 157646.6785.711.570.001.57
BrazilBOVESPA 81937920246.2853.302.390.821.56
NetherlandsAMSTERDAM 47522613447.5859.292.010.451.56
TaiwanTWSE 158882245951.7655.842.190.641.55
JapanNAGOYA 104542651.9248.152.070.571.50
DenmarkCOPENHAGEN 2951457049.1548.282.390.901.48
PhilippinesPSE 2891297044.6454.262.220.811.40
PortugalLISBON 125341.6760.001.800.401.40
RussiaMICEX 85462.5080.001.600.201.40
EgyptEGX 102532551.9647.173.091.701.40
ItalyBORSA 164388947754.1153.662.150.751.39
BelgiumBRUSSELS 3501699548.2956.211.840.481.36
JordanASE 2914548.2835.712.711.361.36
UKLSE 45302140108447.2650.632.090.741.34
GermanyXETRA 2269119764352.7553.721.970.641.33
USNYSE 77633925212650.5654.171.730.511.22
ChileBCS 79301937.9763.331.430.231.20
Austria WIENERBORSE 163884753.9953.411.780.651.14
SwitzerlandSIX 104754327551.8650.641.500.451.04
MalaysiaBURSA 136546.1583.331.000.001.00
CanadaTSX 114236.3650.001.250.251.00
SwitzerlandSIX 104240.0050.001.000.001.00
MexicoBMV 3691999753.9348.741.700.700.99
USWARRANTS 2015975.0060.002.001.130.87
ChileBCS 1310776.9270.001.000.200.80
AustraliaASX 145235.7140.001.000.200.80
IndonesiaIDX 84250.0050.000.750.000.75
IndiaNSE 64266.6750.000.750.000.75
JapanTOKYO 117663.6485.710.710.000.71
USFOREX 31161251.6175.000.750.060.69
Greece ATHENS 103230.0066.671.330.670.67
NorwayOSE 83237.5066.670.670.000.67
UAEUAE 137553.8571.430.710.140.57
FOREXFOREX 188644.4475.000.630.130.50
MexicoBMV 208640.0075.000.630.130.50
ThailandSET 87387.5042.860.430.000.43
JapanFUKUOKA 4115736.5946.670.530.130.40
USPREFERRED 116458228150.0048.280.740.350.40
PhilippinesPSE 2211450.0036.360.360.000.36
ArgentinaBUE 166337.5050.001.000.670.33
Vietnam HOSE 1511773.3363.640.450.180.27
South KoreaKOSDAQ 144228.5750.000.500.250.25
Hong KongHKEX 104340.0075.000.250.000.25
TurkeyBIST 74257.1450.000.500.250.25
TaiwanGTSM 85362.5060.000.400.200.20
DenmarkCOPENHAGEN 196431.5866.670.170.000.17
PakistanKSE 189350.0033.330.440.440.00
IsraelTASE 95355.5660.000.600.600.00
BangladeshDSE 147350.0042.860.000.000.00
SingaporeSGX 172933454.0736.561.041.13-0.09
ChinaSSE 136246.1533.330.170.33-0.17
SingaporeSGX 95055.560.000.000.20-0.20
USOTCBB 52140.0050.003.003.50-0.50
NetherlandsAMSTERDAM 83137.5033.330.000.67-0.67
BelgiumBRUSSELS 83137.5033.330.000.67-0.67
UKLSE 124133.3325.000.251.00-0.75
FrancePARIS 72128.5750.000.001.00-1.00
GermanyXETRA 72128.5750.000.001.00-1.00
Austria WIENERBORSE 72128.5750.000.001.00-1.00
ItalyBORSA 72128.5750.000.001.00-1.00
SwedenSTOCKHOLM 101010.000.000.001.00-1.00
OmanMSM 32166.6750.000.504.00-3.50
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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