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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 86442452.3353.337.202.165.04
IndiaNSE 2365116964849.5155.344.651.253.40
ArgentinaBUE 2651197144.9159.663.971.132.84
PakistanKSE 49725515251.3159.613.821.132.70
USOTC PINK 39762356118859.5350.195.032.472.56
CanadaTSX-V 3051749957.0556.905.062.562.51
JapanSAPPORO 64166.6725.002.500.002.50
Hong KongHKEX 3176153081848.1753.463.611.152.46
IndiaBSE 45642370125051.9352.744.251.792.46
JordanASE 3516745.7143.753.190.752.44
KuwaitKSE 120643753.3357.813.080.882.20
TurkeyBIST 60325613942.4554.303.161.032.14
ChinaSZSE 2964157881053.2451.333.541.422.12
IsraelTASE 87044325850.9258.242.810.782.03
IndonesiaIDX 54424013744.1257.083.181.152.03
Poland GPW 118057232248.4756.292.960.952.01
NorwayOSE 50525412850.3050.393.081.101.98
UAEUAE 81462556.7954.352.590.611.98
ChileBCS 106442741.5161.362.340.411.93
ChinaSSE 2300124161453.9649.483.191.251.93
ThailandSET 55128915052.4551.902.770.881.90
USNASDAQ 72093604185850.0251.532.941.131.81
Saudi ArabiaTADAWUL 2621467655.7352.052.690.991.71
South KoreaKOSDAQ 39382001104950.8152.422.951.241.70
Vietnam HNX 140653146.4347.692.911.231.68
TaiwanGTSM 148576741451.6553.982.540.931.61
JapanNAGOYA 125603048.0050.002.220.631.58
Vietnam HOSE 80438319947.6451.962.651.101.55
QatarQE 129633848.8460.322.060.521.54
USAMEX 127971133355.5946.842.711.191.52
The World 107586541432722750.3550.272.531.041.49
SwedenSTOCKHOLM 2215103349646.6448.022.761.261.49
MalaysiaBURSA 65131416048.2350.962.270.791.48
Poland GPW 179852.9488.891.440.001.44
FrancePARIS 2298110756248.1750.772.190.801.39
SpainIBEX 47422411947.2653.132.210.841.37
South KoreaKRX 44162226117650.4152.832.210.841.37
CanadaTSX 3061159180451.9850.532.070.731.34
RussiaMICEX 57826812746.3747.392.411.081.34
BrazilBOVESPA 146442.8666.671.670.331.33
BangladeshDSE 57631116253.9952.092.621.341.29
PhilippinesPSE 4081869145.5948.922.361.081.28
JapanTOKYO 101055164261551.1050.642.190.971.23
TaiwanTWSE 2266116356751.3248.751.910.781.13
JapanFUKUOKA 4922944.9040.911.410.361.05
NetherlandsAMSTERDAM 64030315747.3451.821.660.621.04
USNYSE 104505209251549.8548.281.720.681.03
GermanyXETRA 3103158279651.1150.191.800.771.03
Greece ATHENS 2561074541.8042.062.521.511.01
PortugalLISBON 136346.1550.001.500.501.00
SpainIBEX 135238.4640.001.600.601.00
MalaysiaBURSA 1911957.8981.821.090.091.00
CanadaTSX 124233.3350.001.250.251.00
AustraliaASX 156580336951.3145.951.980.981.00
PortugalLISBON 106583154.7253.452.031.120.91
UKLSE 58452813125448.1644.551.790.880.91
Austria WIENERBORSE 2201124950.9143.751.740.850.89
EgyptEGX 159833552.2042.172.771.880.89
ItalyBORSA 2120111753652.6947.991.840.960.87
MexicoBMV 45725210155.1440.081.810.940.87
RussiaMICEX 117463.6457.141.140.290.86
SwitzerlandSIX 135338.4660.000.800.000.80
DenmarkCOPENHAGEN 4012079451.6245.411.851.070.77
BrazilBOVESPA 129456925043.9743.941.911.150.75
ThailandSET 98488.8950.000.750.000.75
SwitzerlandSIX 135969231350.9245.231.320.610.71
BelgiumBRUSSELS 4242009147.1745.501.430.750.68
USFOREX 32171353.1376.470.710.060.65
UKLSE 2310543.4850.001.200.600.60
IndonesiaIDX 105350.0060.000.600.000.60
JapanTOKYO 1610762.5070.000.600.000.60
ChileBCS 1614887.5057.140.860.360.50
AustraliaASX 228336.3637.500.750.250.50
UAEUAE 158553.3362.500.630.130.50
MexicoBMV 228636.3675.000.630.130.50
TurkeyBIST 126450.0066.670.670.170.50
SingaporeSGX 146142.8616.670.670.170.50
IndiaNSE 95255.5640.000.600.200.40
USPREFERRED 163276533246.8843.400.730.400.32
FOREXFOREX 2511644.0054.550.450.180.27
Vietnam HOSE 1511773.3363.640.450.180.27
PhilippinesPSE 3016753.3343.750.310.060.25
Hong KongHKEX 114336.3675.000.250.000.25
Greece ATHENS 114236.3650.001.000.750.25
ChinaSSE 189550.0055.560.440.220.22
TaiwanGTSM 105350.0060.000.400.200.20
South KoreaKOSDAQ 155233.3340.000.400.200.20
DenmarkCOPENHAGEN 3010733.3370.000.200.000.20
SingaporeSGX 2201153752.2732.171.251.080.17
IsraelTASE 105350.0060.000.600.600.00
NorwayOSE 2310543.4850.000.400.400.00
PakistanKSE 2611442.3136.360.360.360.00
BangladeshDSE 1811461.1136.360.000.09-0.09
ArgentinaBUE 3011536.6745.450.821.18-0.36
SwedenSTOCKHOLM 175229.4140.000.200.60-0.40
USOTCBB 52140.0050.003.003.50-0.50
NetherlandsAMSTERDAM 104140.0025.000.000.75-0.75
BelgiumBRUSSELS 104140.0025.000.000.75-0.75
GermanyXETRA 93133.3333.330.001.00-1.00
FrancePARIS 93133.3333.330.001.00-1.00
Austria WIENERBORSE 83137.5033.330.001.00-1.00
ItalyBORSA 93133.3333.330.001.00-1.00
OmanMSM 221100.0050.000.504.00-3.50
USWARRANTS 83037.500.000.005.67-5.67
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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