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 48231247.9252.177.912.655.26
IndiaNSE 177288246349.8352.434.071.302.77
Saudi ArabiaTADAWUL 1691015959.7658.423.560.902.66
Hong KongHKEX 2546125869249.4155.013.781.122.66
ArgentinaBUE 195875144.6258.623.601.072.53
ChinaSZSE 2057109157653.0452.803.951.422.52
PakistanKSE 42121712351.5456.683.711.182.52
JapanSAPPORO 64166.6725.002.500.002.50
TurkeyBIST 46321312546.0058.693.360.972.39
IndiaBSE 3646189198551.8752.094.251.872.38
USOTC PINK 2982177488659.5249.924.922.562.36
USAMEX 64736318856.1151.793.591.322.27
IsraelTASE 64333920252.7259.592.970.782.19
ChinaSSE 160188344755.1550.623.421.272.14
TaiwanGTSM 114860034152.2656.832.870.862.01
SpainIBEX 93233.3366.672.670.672.00
USNASDAQ 55302776145650.2452.413.011.021.99
ThailandSET 41021610952.6850.462.820.861.96
NorwayOSE 3931949749.3650.003.181.221.96
Vietnam HNX 134623046.2748.393.261.311.95
Poland GPW 96947726749.2355.972.880.961.93
South KoreaKOSDAQ 3085158484251.4453.062.991.171.82
BrazilBOVESPA 115445.4580.002.000.201.80
RussiaMICEX 41020510550.2450.972.921.171.75
IndonesiaIDX 3871709343.9354.712.971.251.72
KuwaitKSE 64321950.0059.382.781.061.72
Vietnam HOSE 58129315350.4352.222.781.181.60
UAEUAE 60311551.6748.392.190.611.58
MalaysiaBURSA 52326213450.1051.152.330.761.57
Poland GPW 157646.6785.711.570.001.57
The World 81075413182113350.9851.132.601.031.57
JordanASE 3216650.0037.502.811.251.56
SpainIBEX 3791739545.6554.912.430.881.54
SwedenSTOCKHOLM 158876737648.3049.022.691.201.48
CanadaTSX 2338122864452.5252.442.220.761.46
PortugalLISBON 125341.6760.001.800.401.40
South KoreaKRX 3322166786850.1852.072.250.871.38
QatarQE 96422543.7559.521.880.521.36
JapanTOKYO 77703907201850.3051.642.270.941.34
FrancePARIS 181388045548.5451.702.100.771.34
AustraliaASX 118560029350.6348.832.230.921.31
CanadaTSX-V 2611628862.4553.994.232.941.29
NetherlandsAMSTERDAM 49423412347.3752.561.890.611.28
JapanNAGOYA 102522450.9846.151.880.691.19
TaiwanTWSE 169886644051.0050.811.940.771.17
ChileBCS 83322038.5562.501.530.381.16
Greece ATHENS 198853542.9341.182.761.611.15
USNYSE 80444132206651.3750.001.780.631.14
BangladeshDSE 42122511453.4450.672.361.271.09
GermanyXETRA 2374126362453.2949.331.840.801.04
RussiaMICEX 96466.6766.671.330.331.00
PortugalLISBON 81452455.5653.332.001.001.00
UKLSE 46002215101248.1745.671.920.921.00
MalaysiaBURSA 136546.1583.331.000.001.00
SwitzerlandSIX 114236.3650.001.000.001.00
CanadaTSX 114236.3650.001.250.251.00
BrazilBOVESPA 86639718345.8446.102.041.060.98
ItalyBORSA 171492745854.0849.411.940.980.97
BelgiumBRUSSELS 3591718047.6346.781.670.720.95
DenmarkCOPENHAGEN 3101556850.0043.872.101.170.93
JapanFUKUOKA 4317739.5341.181.290.410.88
EgyptEGX 110562350.9141.072.821.960.86
PhilippinesPSE 3051416646.2346.811.991.150.84
SwitzerlandSIX 107155825552.1045.701.390.580.81
ChileBCS 1310776.9270.001.000.200.80
AustraliaASX 155233.3340.001.000.200.80
IndiaNSE 74257.1450.000.750.000.75
IndonesiaIDX 84250.0050.000.750.000.75
NorwayOSE 154326.6775.000.750.000.75
MexicoBMV 3772068554.6441.261.620.870.75
USFOREX 31161251.6175.000.750.060.69
Austria WIENERBORSE 167913754.4940.661.620.930.68
Greece ATHENS 103230.0066.671.330.670.67
JapanTOKYO 128666.6775.000.630.000.63
UAEUAE 148557.1462.500.630.130.50
MexicoBMV 208640.0075.000.630.130.50
ThailandSET 87387.5042.860.430.000.43
USPREFERRED 119260427450.6745.360.820.400.42
FOREXFOREX 198542.1162.500.500.130.38
PhilippinesPSE 2211450.0036.360.360.000.36
ArgentinaBUE 166337.5050.001.000.670.33
Vietnam HOSE 1511773.3363.640.450.180.27
Hong KongHKEX 104340.0075.000.250.000.25
TurkeyBIST 74257.1450.000.500.250.25
TaiwanGTSM 85362.5060.000.400.200.20
South KoreaKOSDAQ 155233.3340.000.400.200.20
SingaporeSGX 106160.0016.670.330.170.17
ChinaSSE 147350.0042.860.430.290.14
DenmarkCOPENHAGEN 207535.0071.430.140.000.14
PakistanKSE 199347.3733.330.440.440.00
IsraelTASE 95355.5660.000.600.600.00
BangladeshDSE 147350.0042.860.000.000.00
SingaporeSGX 184963052.1731.251.111.20-0.08
USWARRANTS 1310476.9240.001.602.00-0.40
USOTCBB 52140.0050.003.003.50-0.50
BelgiumBRUSSELS 83137.5033.330.000.67-0.67
NetherlandsAMSTERDAM 83137.5033.330.000.67-0.67
SwedenSTOCKHOLM 133123.0833.330.000.67-0.67
UKLSE 134130.7725.000.251.00-0.75
ItalyBORSA 72128.5750.000.001.00-1.00
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
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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