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 163782844950.6454.164.301.153.16
PakistanKSE 35118411252.4260.873.751.052.70
KuwaitKSE 86432950.0067.443.510.932.58
IndiaBSE 3122161086751.5753.854.241.682.56
JapanSAPPORO 64166.6725.002.500.002.50
TurkeyBIST 41318711345.2860.433.270.872.40
Poland GPW 81538122346.7558.533.150.842.32
IsraelTASE 60831418651.6459.243.010.762.25
NorwayOSE 3461789351.4552.253.261.032.23
QatarQE 87352440.2368.572.600.372.23
ChinaSZSE 2008110057954.7852.643.481.272.21
CanadaTSX-V 2521448257.1456.944.372.252.12
Hong KongHKEX 2275108155847.5651.573.231.132.10
ArgentinaBUE 212975645.7557.733.191.102.08
USOTC PINK 2929174284259.4748.344.722.672.05
UAEUAE 54311857.4158.062.550.522.03
SpainIBEX 93233.3366.672.670.672.00
ChinaSSE 158186343154.5949.943.051.121.93
USNASDAQ 52312551132648.9251.822.991.071.92
MalaysiaBURSA 46921611446.0652.782.450.651.81
BrazilBOVESPA 125441.6780.002.000.201.80
Vietnam HNX 117542846.1551.853.041.281.76
RussiaMICEX 3691648744.7252.732.450.691.76
Vietnam HOSE 58328515948.8955.792.861.141.73
TaiwanGTSM 100750227249.8554.182.550.851.70
USWARRANTS 63150.0033.332.330.671.67
South KoreaKOSDAQ 2638136272551.6753.192.711.121.60
Poland GPW 168750.0087.501.500.001.50
SwedenSTOCKHOLM 157573335346.5448.162.701.231.47
The World 75278376631887050.0650.082.471.041.43
USAMEX 94952224655.0147.132.551.141.40
ThailandSET 3591778449.3047.462.280.881.40
JapanNAGOYA 84402147.6252.502.000.601.40
PortugalLISBON 125341.6760.001.800.401.40
SpainIBEX 3561658146.3549.092.280.921.37
JapanFUKUOKA 3517748.5741.181.530.181.35
FrancePARIS 158675038247.2950.932.100.751.35
BangladeshDSE 41921611751.5554.172.531.211.32
CanadaCSE 77442057.1445.455.324.071.25
South KoreaKRX 3018148577049.2751.782.000.791.21
CanadaTSX 2112108453151.3348.991.990.821.17
MalaysiaBURSA 168750.0087.501.130.001.13
Greece ATHENS 206853841.2644.712.531.441.09
PhilippinesPSE 3121416945.1948.942.151.061.09
AustraliaASX 112654124348.0544.922.071.001.07
USNYSE 78193866188149.4648.641.770.711.05
MexicoBMV 3461988157.2340.911.920.871.05
ItalyBORSA 150976637850.7649.351.990.951.04
Saudi ArabiaTADAWUL 168915054.1754.951.880.861.02
IndonesiaIDX 3891799046.0250.282.381.371.01
JapanTOKYO 70583562175550.4749.272.051.051.00
PortugalLISBON 63271442.8651.852.111.111.00
CanadaTSX 124233.3350.001.250.251.00
SwitzerlandSIX 124233.3350.001.000.001.00
ChileBCS 71301742.2556.671.500.530.97
GermanyXETRA 2137108354250.8249.911.720.760.96
Austria WIENERBORSE 155763049.0339.471.760.800.96
DenmarkCOPENHAGEN 2721446752.9446.531.951.080.87
RussiaMICEX 117463.6457.141.140.290.86
NetherlandsAMSTERDAM 4231978746.5744.161.490.630.85
UKLSE 4256198884246.7342.331.790.950.84
AustraliaASX 186333.3350.001.000.170.83
ThailandSET 98488.8950.000.750.000.75
EgyptEGX 120642853.3343.752.842.090.75
IndonesiaIDX 94244.4450.000.750.000.75
USFOREX 31161251.6175.000.750.060.69
Greece ATHENS 103230.0066.671.330.670.67
TaiwanTWSE 153479236551.6346.091.490.880.62
JapanTOKYO 1610762.5070.000.600.000.60
BelgiumBRUSSELS 2631296449.0549.611.260.700.57
SingaporeSGX 146142.8616.670.670.170.50
MexicoBMV 218638.1075.000.630.130.50
UAEUAE 148557.1462.500.630.130.50
ChileBCS 1514893.3357.140.860.360.50
SwitzerlandSIX 92145719949.6243.541.110.610.49
BrazilBOVESPA 83235916043.1544.571.751.270.48
NorwayOSE 197436.8457.140.570.140.43
USPREFERRED 116556525148.5044.420.810.400.41
IndiaNSE 95255.5640.000.600.200.40
FOREXFOREX 2410641.6760.000.500.100.40
PhilippinesPSE 2211450.0036.360.360.000.36
ArgentinaBUE 177441.1857.140.860.570.29
UKLSE 177341.1842.861.000.710.29
Vietnam HOSE 1511773.3363.640.450.180.27
Hong KongHKEX 114336.3675.000.250.000.25
DenmarkCOPENHAGEN 258632.0075.000.250.000.25
TurkeyBIST 84250.0050.000.500.250.25
TaiwanGTSM 95355.5660.000.400.200.20
South KoreaKOSDAQ 155233.3340.000.400.200.20
ChinaSSE 158453.3350.000.380.250.13
PakistanKSE 2510340.0030.000.400.400.00
IsraelTASE 95355.5660.000.600.600.00
BangladeshDSE 158353.3337.500.000.000.00
SingaporeSGX 170852950.0034.120.981.04-0.06
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 2612346.1525.000.921.67-0.75
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 220100.000.000.004.50-4.50
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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