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 1/1/2014
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
Saudi ArabiaTADAWUL 104734370.1958.904.440.743.70
USOTC PINK 1905113063159.4255.745.381.913.47
CanadaCSE 165231.2540.005.802.403.40
PakistanKSE 30415310150.3366.014.250.973.27
ChinaSZSE 125561936149.3258.324.331.113.22
IndonesiaIDX 2291067046.2966.043.930.763.17
Hong KongHKEX 174685950049.2058.213.950.933.03
IndiaNSE 112655833049.4759.253.821.042.78
BrazilBOVESPA 84350.0075.002.750.002.75
IndiaBSE 2530128372450.7156.434.211.592.62
ArgentinaBUE 112523546.4367.313.460.882.58
ChinaSSE 95148827151.3155.533.601.072.53
JapanSAPPORO 64166.6725.002.500.002.50
Poland GPW 75937923850.0762.633.250.762.49
NorwayOSE 2531277450.2058.273.671.232.44
TaiwanGTSM 79140625651.3363.053.170.732.44
South KoreaKOSDAQ 2153109566550.9160.683.330.902.44
IsraelTASE 43421413949.3164.953.070.662.41
Vietnam HOSE 34317910852.1960.343.330.952.38
RussiaMICEX 2971407647.1454.293.351.042.31
SpainIBEX 2731177142.8660.682.870.622.26
Poland GPW 74457.14100.002.250.002.25
USAMEX 66035620053.9456.183.140.902.25
PortugalLISBON 60372561.6767.572.730.572.16
ThailandSET 2881447050.0048.612.880.832.05
TurkeyBIST 3341458843.4160.692.740.761.99
USNASDAQ 56912827154849.6954.742.580.701.87
BrazilBOVESPA 58026214045.3453.232.580.831.75
The World 60976303691680649.8355.322.590.841.75
TaiwanTWSE 119162035152.0656.612.300.611.69
South KoreaKRX 2201110163450.0257.582.410.731.68
CanadaTSX 168586449051.2856.712.290.631.67
KuwaitKSE 218538.1062.502.751.131.63
AustraliaASX 81741322050.5553.272.320.701.62
JapanTOKYO 54172719151350.1955.652.340.761.59
Greece ATHENS 133582943.6150.002.861.311.55
QatarQE 56241842.8675.001.880.381.50
Vietnam HNX 104502448.0848.003.141.661.48
UAEUAE 3616844.4450.001.880.501.38
SwedenSTOCKHOLM 103749226147.5452.942.320.971.35
UKLSE 3360155078046.1350.322.110.801.31
GermanyXETRA 167085946351.6253.711.940.661.27
FrancePARIS 134264735148.2154.251.910.641.27
ItalyBORSA 127968935453.8751.382.050.791.26
IndonesiaIDX 84350.0075.001.250.001.25
NetherlandsAMSTERDAM 37219010451.0854.741.820.571.25
DenmarkCOPENHAGEN 2211024546.1544.122.200.951.25
BangladeshDSE 2771517854.5151.662.241.071.17
JordanASE 2814550.0035.712.711.571.14
USNYSE 57692869150649.7552.471.620.521.10
BelgiumBRUSSELS 3031448047.5255.561.690.611.08
Austria WIENERBORSE 126653651.5955.381.630.571.06
JapanNAGOYA 73401654.7940.001.750.701.05
MalaysiaBURSA 3551708747.8951.181.740.721.02
PhilippinesPSE 197884544.6751.141.890.881.01
SwedenSTOCKHOLM 91111.11100.001.000.001.00
NorwayOSE 62233.33100.001.000.001.00
SwitzerlandSIX 80841820951.7350.001.490.491.00
MexicoBMV 2921457650.3451.701.590.600.99
ChileBCS 63241538.1062.501.170.250.92
USFOREX 2713948.1569.230.920.080.85
EgyptEGX 76401552.6337.502.481.700.78
SwitzerlandSIX 84250.0050.000.750.000.75
IndiaNSE 107470.0057.140.710.000.71
USWARRANTS 1613881.2561.542.001.310.69
MalaysiaBURSA 126550.0083.330.670.000.67
JapanFUKUOKA 2911437.9336.360.910.270.64
JapanTOKYO 95455.5680.000.600.000.60
DenmarkCOPENHAGEN 175429.4180.000.600.000.60
ChileBCS 75371.4360.001.000.400.60
FOREXFOREX 167543.7571.430.710.140.57
CanadaTSX-V 1681045261.9050.003.422.860.57
USPREFERRED 99148421848.8445.040.910.400.50
South KoreaKOSDAQ 112118.1850.001.000.500.50
AustraliaASX 134230.7750.000.500.000.50
PakistanKSE 82225.00100.000.500.000.50
UAEUAE 2515960.0060.000.470.070.40
ThailandSET 883100.0037.500.380.000.38
PortugalLISBON 93133.3333.330.330.000.33
TurkeyBIST 83237.5066.670.670.330.33
TaiwanGTSM 106460.0066.670.500.170.33
PhilippinesPSE 1810355.5630.000.300.000.30
Vietnam HOSE 139669.2366.670.330.110.22
ArgentinaBUE 155233.3340.000.600.400.20
RussiaMICEX 75371.4360.000.800.600.20
SingaporeSGX 135722553.3334.721.261.180.08
IsraelTASE 73242.8666.670.330.330.00
ItalyBORSA 61016.670.000.000.000.00
MexicoBMV 146342.8650.000.330.330.00
NetherlandsAMSTERDAM 72028.570.000.000.000.00
GermanyXETRA 61016.670.000.000.000.00
FrancePARIS 61016.670.000.000.000.00
Hong KongHKEX 72128.5750.000.000.000.00
Greece ATHENS 81012.500.000.000.000.00
SpainIBEX 61016.670.000.000.000.00
CanadaTSX 73142.8633.330.330.330.00
BelgiumBRUSSELS 72028.570.000.000.000.00
BangladeshDSE 98388.8937.500.000.000.00
Austria WIENERBORSE 61016.670.000.000.000.00
SingaporeSGX 85062.500.000.000.20-0.20
ChinaSSE 156240.0033.330.170.50-0.33
USOTCBB 52140.0050.003.003.50-0.50
UKLSE 124133.3325.000.251.00-0.75
OmanMSM 221100.0050.000.504.00-3.50
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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