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 37171045.9558.829.881.828.06
USOTC PINK 2680159588259.5155.305.411.903.50
IndiaNSE 153576847350.0361.594.380.933.45
ChinaSZSE 175590954751.7960.184.311.043.27
IndiaBSE 3234166999151.6159.384.701.453.25
Saudi ArabiaTADAWUL 144935364.5856.993.950.753.19
USAMEX 59233019555.7459.094.020.983.04
PakistanKSE 38819612550.5263.783.920.893.03
Hong KongHKEX 2258110164348.7658.403.880.962.92
ChinaSSE 135471841753.0358.083.840.942.89
NorwayOSE 3471709848.9957.653.661.012.66
KuwaitKSE 50241448.0058.333.580.962.63
IsraelTASE 57429919952.0966.563.230.642.59
ArgentinaBUE 158684443.0464.713.370.782.59
CanadaTSX-V 2281468264.0456.165.032.492.55
TaiwanGTSM 100052332752.3062.523.190.672.52
JapanSAPPORO 64166.6725.002.500.002.50
RussiaMICEX 37618410248.9455.433.430.932.50
South KoreaKOSDAQ 2797142887551.2061.103.310.852.46
Poland GPW 89344128149.3863.723.200.742.46
USNASDAQ 51092520148949.3459.063.160.772.40
IndonesiaIDX 3251438644.0060.143.351.032.31
TurkeyBIST 42418711844.1063.103.100.802.30
Vietnam HOSE 49725415851.1162.203.130.902.23
Vietnam HNX 137653247.4549.233.691.572.12
ThailandSET 3761939851.3350.782.860.762.10
SpainIBEX 3491549344.1360.392.620.552.07
PortugalLISBON 70402857.1470.002.550.532.03
QatarQE 80322540.0078.132.310.312.00
SpainIBEX 83237.5066.672.670.672.00
The World 73469369962079250.3756.192.740.821.93
BrazilBOVESPA 105450.0080.002.000.201.80
South KoreaKRX 2913145584149.9557.802.380.691.69
BrazilBOVESPA 76235019045.9354.292.480.801.68
MalaysiaBURSA 46923012349.0453.482.260.651.61
CanadaTSX 2152110861951.4955.872.190.601.59
Poland GPW 147650.0085.711.570.001.57
BangladeshDSE 38220211052.8854.462.571.001.57
SwedenSTOCKHOLM 139166035247.4553.332.561.001.57
FrancePARIS 166380845548.5956.312.170.621.55
JapanTOKYO 70763557196850.2755.332.320.791.52
UAEUAE 49231246.9452.172.040.521.52
JapanNAGOYA 100502450.0048.002.100.601.50
AustraliaASX 106253729050.5654.002.230.741.50
NetherlandsAMSTERDAM 45421312646.9259.151.960.461.49
TaiwanTWSE 148277043151.9655.972.120.661.46
PortugalLISBON 125341.6760.001.800.401.40
ItalyBORSA 155883444153.5952.812.130.751.38
Greece ATHENS 186744039.7854.052.571.201.36
GermanyXETRA 2124110358651.9353.131.960.651.31
PhilippinesPSE 2691166243.1253.452.160.871.29
DenmarkCOPENHAGEN 2751346248.7346.272.190.921.27
ChileBCS 78291937.1865.521.480.241.24
BelgiumBRUSSELS 3531719448.4454.971.830.591.24
UKLSE 4253196996846.3049.162.000.761.24
Austria WIENERBORSE 155824652.9056.101.780.591.20
USNYSE 74143745201750.5153.861.690.511.18
JordanASE 2914548.2835.712.711.571.14
SwitzerlandSIX 99650725250.9049.701.480.471.01
MexicoBMV 3621889151.9348.401.720.721.01
CanadaTSX 114236.3650.001.250.251.00
SwitzerlandSIX 84250.0050.001.000.001.00
IndonesiaIDX 63250.0066.671.000.001.00
NorwayOSE 72228.57100.001.000.001.00
EgyptEGX 100532253.0041.512.831.850.98
USWARRANTS 2015975.0060.002.001.130.87
ChileBCS 1310776.9270.001.000.200.80
AustraliaASX 145235.7140.001.000.200.80
ArgentinaBUE 125341.6760.001.200.400.80
MalaysiaBURSA 115445.4580.000.800.000.80
RussiaMICEX 64366.6775.001.000.250.75
IndiaNSE 64266.6750.000.750.000.75
JapanTOKYO 117563.6471.430.710.000.71
USFOREX 29141048.2871.430.790.070.71
Greece ATHENS 103230.0066.671.330.670.67
MexicoBMV 177541.1871.430.710.140.57
FOREXFOREX 177541.1871.430.710.140.57
IsraelTASE 84350.0075.000.750.250.50
UAEUAE 126450.0066.670.670.170.50
ThailandSET 87387.5042.860.430.000.43
PhilippinesPSE 2110447.6240.000.400.000.40
USPREFERRED 114257027349.9147.890.730.360.37
JapanFUKUOKA 4014635.0042.860.430.140.29
TurkeyBIST 74257.1450.000.500.250.25
South KoreaKOSDAQ 144228.5750.000.500.250.25
Vietnam HOSE 1310676.9260.000.400.200.20
TaiwanGTSM 85362.5060.000.400.200.20
DenmarkCOPENHAGEN 186433.3366.670.170.000.17
BangladeshDSE 127358.3342.860.000.000.00
Hong KongHKEX 93233.3366.670.000.000.00
SingaporeSGX 165873052.7334.481.071.18-0.11
PakistanKSE 177241.1828.570.140.29-0.14
ChinaSSE 136246.1533.330.170.33-0.17
SingaporeSGX 95055.560.000.000.20-0.20
USOTCBB 52140.0050.003.003.50-0.50
NetherlandsAMSTERDAM 83137.5033.330.000.67-0.67
BelgiumBRUSSELS 83137.5033.330.000.67-0.67
UKLSE 124133.3325.000.251.00-0.75
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
ItalyBORSA 72128.5750.000.001.00-1.00
SwedenSTOCKHOLM 101010.000.000.001.00-1.00
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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