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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 158815251.2764.209.312.636.68
USWARRANTS 71372252.1159.468.655.113.54
IndiaNSE 3049139878045.8855.754.681.273.41
CanadaTSX-V 43224013455.5655.835.792.433.35
UAEUAE 96522954.1755.773.520.562.96
ChileBCS 122573646.7263.163.400.492.91
TurkeyBIST 62127315543.9656.783.881.042.84
JapanSAPPORO 64166.6725.002.500.002.50
IndiaBSE 56192658142847.3453.684.301.832.47
UAEUAE 2912741.3858.332.330.082.25
Vietnam HNX 161713744.1052.113.611.392.21
IsraelTASE 115857932950.0956.723.060.862.21
SpainIBEX 50623812347.0451.683.030.852.18
JordanASE 3213740.6353.852.770.622.15
ChinaSZSE 36441941102853.2752.963.331.222.11
Poland GPW 147371939048.8154.243.521.432.09
USOTC PINK 50912966144758.4448.645.133.062.07
Hong KongHKEX 3339157479847.1450.703.251.222.03
PakistanKSE 50226614952.9956.023.551.561.99
ChinaSSE 2943157281853.4152.042.961.021.94
USNASDAQ 84674219216549.9251.223.241.311.93
KuwaitKSE 188974851.6049.482.881.001.88
MalaysiaBURSA 76036017947.3749.722.580.751.83
NorwayOSE 62031616451.1351.742.971.141.83
ArgentinaBUE 52421710741.4149.313.371.551.82
South KoreaKOSDAQ 41162050109849.8153.562.931.241.69
TaiwanGTSM 177483743747.1852.212.590.951.64
SwedenSTOCKHOLM 2661123859146.6447.622.971.361.61
Vietnam HOSE 109752828448.1353.792.831.231.60
Greece ATHENS 3291557447.1147.742.921.321.59
ThailandSET 67431815647.1849.062.581.051.52
JapanNAGOYA 132633147.7349.212.220.731.49
BangladeshDSE 58731316153.3251.442.751.261.49
South KoreaKRX 46082267119749.2052.802.310.841.48
The World 129509643433167649.7249.192.581.131.46
MexicoBMV 54330814056.7245.452.310.871.44
Poland GPW 179852.9488.891.440.001.44
QatarQE 146723949.3254.171.990.581.40
IndonesiaIDX 64127914243.5350.902.721.351.37
PhilippinesPSE 53724612145.8149.192.441.071.37
FrancePARIS 2450118356848.2948.012.180.851.34
AustraliaASX 1993102145651.2844.622.491.171.32
PortugalLISBON 169556.2555.561.560.331.22
RussiaMICEX 73331414843.9345.961.910.711.20
USNYSE 118415816271649.1646.661.940.761.18
CanadaTSX 3466175783850.6947.692.030.861.17
SpainIBEX 189550.0055.561.440.331.11
NetherlandsAMSTERDAM 71633914847.3543.661.770.671.10
BrazilBOVESPA 2011955.0081.821.270.181.09
JapanTOKYO 121816274310151.5149.432.141.081.06
USAMEX 164590540455.2044.492.431.401.03
ItalyBORSA 2680135160850.4145.001.910.940.97
GermanyXETRA 4011200992050.0945.791.780.860.92
RussiaMICEX 127458.3357.141.140.290.86
Greece ATHENS 147450.0057.141.290.430.86
UKLSE 65863152134947.8742.781.820.980.84
TaiwanTWSE 2647130161149.1546.961.720.910.81
SwitzerlandSIX 165331.2560.000.800.000.80
BrazilBOVESPA 171179234246.7042.801.941.170.77
BelgiumBRUSSELS 3881939449.7448.701.530.760.77
JapanFUKUOKA 3919948.7247.371.320.580.74
DenmarkCOPENHAGEN 40151137.5073.330.800.070.73
SingaporeSGX 167243.7528.570.860.140.71
AustraliaASX 2914648.2842.860.860.140.71
SwitzerlandSIX 161979834749.4143.381.360.660.70
USPREFERRED 174282535147.3642.551.090.460.63
ChileBCS 1915978.9560.000.930.330.60
MalaysiaBURSA 27171062.9658.820.820.240.59
Saudi ArabiaTADAWUL 3101577650.6548.411.751.160.59
FrancePARIS 137453.8557.141.000.430.57
GermanyXETRA 137453.8557.141.000.430.57
ItalyBORSA 137453.8557.141.000.430.57
JapanTOKYO 1811861.1172.730.550.000.55
DenmarkCOPENHAGEN 45824310453.0642.801.771.260.51
USFOREX 49241848.9875.000.630.130.50
NetherlandsAMSTERDAM 158453.3350.000.880.380.50
MexicoBMV 238634.7875.000.630.130.50
CanadaTSX 156240.0033.330.830.330.50
BelgiumBRUSSELS 158453.3350.000.880.380.50
UKLSE 2613750.0053.851.000.540.46
Hong KongHKEX 2511644.0054.550.640.180.45
SingaporeSGX 2411184648.9638.981.320.940.38
Austria WIENERBORSE 116354.5550.000.830.500.33
South KoreaKOSDAQ 186333.3350.000.500.170.33
PortugalLISBON 101422041.5847.621.711.380.33
ThailandSET 1615793.7546.670.530.200.33
IndiaNSE 147350.0042.860.430.140.29
IndonesiaIDX 157446.6757.140.430.140.29
EgyptEGX 2471275551.4243.312.662.460.20
Vietnam HOSE 29171058.6258.820.290.120.18
ChinaSSE 2413754.1753.850.310.150.15
TurkeyBIST 167443.7557.140.570.430.14
PhilippinesPSE 3821855.2638.100.240.140.10
FOREXFOREX 3014646.6742.860.360.290.07
PakistanKSE 3814536.8435.710.500.430.07
TaiwanGTSM 126350.0050.000.330.330.00
IsraelTASE 115345.4560.000.600.600.00
NorwayOSE 2310543.4850.000.400.400.00
BangladeshDSE 2012460.0033.330.000.08-0.08
SwedenSTOCKHOLM 207235.0028.570.140.57-0.43
ArgentinaBUE 4515533.3333.330.601.07-0.47
Austria WIENERBORSE 106502347.1746.001.401.88-0.48
USOTCBB 52140.0050.003.003.50-0.50
OmanMSM 420100.000.000.002.25-2.25
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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