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 169985847350.5655.064.461.113.34
PakistanKSE 36819211852.1761.463.961.042.93
ArgentinaBUE 2211016146.1559.803.821.022.80
IndiaBSE 3200165389951.6654.394.351.642.71
JapanSAPPORO 64166.6725.002.500.002.50
KuwaitKSE 95493251.5865.313.350.882.47
QatarQE 90382642.2268.422.740.372.37
NorwayOSE 36518810151.5153.723.350.992.35
CanadaTSX-V 2591468556.7657.824.522.182.34
TurkeyBIST 43319711745.5059.393.210.882.33
CanadaCSE 83452255.4247.836.023.742.28
ChinaSZSE 2104115461254.8553.033.501.242.26
Poland GPW 82538822547.1557.843.150.912.24
UAEUAE 57331957.8957.582.700.482.21
USOTC PINK 3034180988759.6249.034.822.632.19
IsraelTASE 64432819750.9360.062.950.772.18
Hong KongHKEX 2330110657047.5151.493.251.092.16
ChinaSSE 166191646655.1550.873.081.091.99
USNASDAQ 54302656137349.0651.543.001.051.95
MalaysiaBURSA 48422611946.6952.652.460.651.81
South KoreaKOSDAQ 2717140075251.5653.682.871.131.74
RussiaMICEX 3911779345.7851.962.440.721.73
Vietnam HNX 113542747.7950.002.931.281.65
Vietnam HOSE 61929716047.9853.872.761.121.63
TaiwanGTSM 107453528849.8153.832.500.871.63
JapanFUKUOKA 3718848.6544.441.720.171.56
BrazilBOVESPA 146442.8666.671.670.171.50
The World 78251392551967650.2050.092.491.031.46
ThailandSET 3741848749.2047.282.360.901.46
Poland GPW 179852.9488.891.440.001.44
SpainIBEX 3711778947.7150.282.310.871.44
JapanNAGOYA 87412247.1353.662.000.591.41
FrancePARIS 164177739647.3550.972.160.751.41
SwedenSTOCKHOLM 163475836146.3947.632.661.271.39
Austria WIENERBORSE 161813450.3141.982.060.751.31
South KoreaKRX 3113153780849.4452.502.090.781.30
USAMEX 97954324755.4645.492.431.151.27
SpainIBEX 104240.0050.002.000.751.25
CanadaTSX 2169110854051.0848.742.040.801.24
MexicoBMV 3522028557.3942.082.070.861.22
PhilippinesPSE 3311507345.3248.672.231.031.20
BangladeshDSE 43922911852.1651.532.411.241.17
MalaysiaBURSA 168750.0087.501.130.001.13
IndonesiaIDX 4071839344.9650.822.451.361.09
Greece ATHENS 215874040.4745.982.431.371.06
JapanTOKYO 74133780187850.9949.682.071.031.04
GermanyXETRA 2222113157251.0450.441.790.751.04
ItalyBORSA 157180139351.1148.941.970.961.01
USNYSE 81004010191549.5347.731.720.721.01
CanadaTSX 124233.3350.001.250.251.00
PortugalLISBON 136346.1550.001.500.501.00
PortugalLISBON 70321645.7150.002.131.160.97
AustraliaASX 117156925348.5944.461.981.040.94
ChileBCS 125573245.6056.141.440.510.93
EgyptEGX 125673153.6046.272.932.000.93
Saudi ArabiaTADAWUL 183995154.1051.521.800.890.91
UKLSE 4434208489347.0242.831.810.940.87
RussiaMICEX 117463.6457.141.140.290.86
DenmarkCOPENHAGEN 2721456553.3144.831.971.140.83
NetherlandsAMSTERDAM 4432079046.7343.481.460.650.82
SwitzerlandSIX 135338.4660.000.800.000.80
ThailandSET 98488.8950.000.750.000.75
IndonesiaIDX 94244.4450.000.750.000.75
AustraliaASX 217333.3342.860.860.140.71
USFOREX 32171353.1376.470.710.060.65
TaiwanTWSE 161483638351.8045.811.520.880.64
JapanTOKYO 1610762.5070.000.600.000.60
BelgiumBRUSSELS 2711346649.4549.251.240.700.54
SwitzerlandSIX 95647420949.5844.091.150.610.54
SingaporeSGX 146142.8616.670.670.170.50
UAEUAE 148557.1462.500.630.130.50
MexicoBMV 228636.3675.000.630.130.50
ChileBCS 1514893.3357.140.860.360.50
BrazilBOVESPA 90138016942.2944.361.721.270.46
USPREFERRED 124059426347.9044.280.810.400.40
IndiaNSE 95255.5640.000.600.200.40
TurkeyBIST 105350.0060.000.600.200.40
PhilippinesPSE 2413554.1738.460.310.000.31
ArgentinaBUE 177441.1857.140.860.570.29
Vietnam HOSE 1511773.3363.640.450.180.27
FOREXFOREX 2511644.0054.550.450.180.27
Hong KongHKEX 114336.3675.000.250.000.25
Greece ATHENS 114236.3650.001.000.750.25
DenmarkCOPENHAGEN 258632.0075.000.250.000.25
NorwayOSE 208540.0062.500.500.250.25
TaiwanGTSM 95355.5660.000.400.200.20
South KoreaKOSDAQ 155233.3340.000.400.200.20
ChinaSSE 158453.3350.000.380.250.13
UKLSE 218338.1037.500.880.750.13
SingaporeSGX 177923051.9832.611.090.990.10
IsraelTASE 95355.5660.000.600.600.00
BangladeshDSE 158353.3337.500.000.000.00
PakistanKSE 2510340.0030.000.400.400.00
USOTCBB 52140.0050.003.003.50-0.50
SwedenSTOCKHOLM 153120.0033.330.000.67-0.67
BelgiumBRUSSELS 104140.0025.000.000.75-0.75
NetherlandsAMSTERDAM 104140.0025.000.000.75-0.75
JordanASE 2612346.1525.000.921.67-0.75
USWARRANTS 52040.000.000.001.00-1.00
ItalyBORSA 93133.3333.330.001.00-1.00
FrancePARIS 93133.3333.330.001.00-1.00
GermanyXETRA 93133.3333.330.001.00-1.00
Austria WIENERBORSE 83137.5033.330.001.00-1.00
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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