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 170895852.3565.178.782.556.22
USWARRANTS 86462853.4960.879.724.205.52
IndiaNSE 3245147882845.6755.874.701.253.45
CanadaTSX-V 46326514557.2454.725.772.503.27
ChileBCS 134654248.5164.623.380.452.94
Vietnam HNX 201884743.7853.414.321.452.86
UAEUAE 99543054.5555.563.390.632.76
TurkeyBIST 64128015843.6856.433.791.042.75
IndiaBSE 60512850154347.1254.124.381.792.59
JapanSAPPORO 64166.6725.002.500.002.50
UAEUAE 2912741.3858.332.330.082.25
SpainIBEX 51824813247.8853.233.040.832.21
IsraelTASE 123462034650.2455.812.990.892.10
ChinaSZSE 38612059108653.3352.743.291.232.07
Hong KongHKEX 3529166085247.0451.333.271.212.06
USOTC PINK 55123187156258.2548.655.223.172.05
Poland GPW 158276841448.5553.913.421.412.01
USNASDAQ 89804501231750.2651.343.251.291.96
ChinaSSE 3148167286853.1151.912.941.021.93
PakistanKSE 51727515253.1955.273.521.601.92
NorwayOSE 68134718051.1051.723.051.181.87
MalaysiaBURSA 79937818747.3149.472.560.791.78
South KoreaKOSDAQ 43442135114949.2253.742.991.221.77
TaiwanGTSM 187389347047.6852.632.660.941.72
SwedenSTOCKHOLM 2788130563346.9248.393.031.351.68
ThailandSET 72134116447.3048.092.611.031.58
Vietnam HOSE 117255629547.4453.062.841.311.53
ArgentinaBUE 60324811941.1347.983.131.591.53
KuwaitKSE 2141115251.8746.852.541.031.51
South KoreaKRX 48392380125149.1852.562.310.831.47
The World 136895679653352149.7149.252.591.131.46
MexicoBMV 58433515057.3644.782.340.901.44
Poland GPW 179852.9488.891.440.001.44
BangladeshDSE 60031916253.1750.782.741.341.41
JapanNAGOYA 142673347.8948.532.090.711.38
QatarQE 156754148.0854.671.950.601.35
FrancePARIS 2566125659848.9547.612.170.821.34
PhilippinesPSE 56525612545.3148.832.421.091.34
JordanASE 3715740.5446.672.401.071.33
AustraliaASX 2134110049251.5544.732.481.181.30
IndonesiaIDX 67929714643.7449.162.651.361.29
Greece ATHENS 3581657646.3745.782.651.391.26
PortugalLISBON 169556.2555.561.560.331.22
USNYSE 123786106288249.3547.181.950.761.20
RussiaMICEX 79134016444.8846.201.880.721.16
NetherlandsAMSTERDAM 78036916647.8244.501.780.641.14
SpainIBEX 189550.0055.561.440.331.11
CanadaTSX 3694185186650.1946.711.970.871.09
BrazilBOVESPA 2111952.3881.821.270.181.09
JapanTOKYO 129216658331351.5349.762.151.061.09
USAMEX 171795443055.6844.982.371.380.99
BrazilBOVESPA 182386838247.6743.962.051.130.92
GermanyXETRA 4379218899450.1045.311.720.840.88
ItalyBORSA 2830142763850.4244.711.800.920.87
RussiaMICEX 127458.3357.141.140.290.86
Greece ATHENS 147450.0057.141.290.430.86
UKLSE 69403314142147.7742.871.820.980.83
BelgiumBRUSSELS 4052019949.6349.251.550.740.82
TaiwanTWSE 2786136764749.0747.331.700.900.81
DenmarkCOPENHAGEN 43161237.2175.000.810.060.75
JapanFUKUOKA 4319944.1947.371.320.580.74
SingaporeSGX 177241.1828.570.860.140.71
AustraliaASX 3214643.7542.860.860.140.71
DenmarkCOPENHAGEN 48425310952.2743.081.891.220.67
SwitzerlandSIX 173785537049.4543.071.350.680.67
SwitzerlandSIX 186433.3366.670.670.000.67
USPREFERRED 171882435447.9642.961.100.440.65
SingaporeSGX 2531234948.6239.841.530.910.62
MalaysiaBURSA 29171058.6258.820.820.240.59
GermanyXETRA 137453.8557.141.000.430.57
FrancePARIS 137453.8557.141.000.430.57
ItalyBORSA 137453.8557.141.000.430.57
JapanTOKYO 1811861.1172.730.550.000.55
USFOREX 53262049.0676.920.650.120.54
Saudi ArabiaTADAWUL 3351687950.1547.021.631.110.52
CanadaTSX 176235.2933.330.830.330.50
BelgiumBRUSSELS 158453.3350.000.880.380.50
NetherlandsAMSTERDAM 158453.3350.000.880.380.50
Hong KongHKEX 2914748.2850.000.570.140.43
UKLSE 2714751.8550.000.930.570.36
MexicoBMV 249637.5066.670.560.220.33
Austria WIENERBORSE 116354.5550.000.830.500.33
ChileBCS 23191182.6157.890.740.420.32
ThailandSET 1816788.8943.750.500.190.31
PortugalLISBON 106422039.6247.621.741.430.31
IndonesiaIDX 177441.1857.140.430.140.29
EgyptEGX 2631345850.9543.282.552.380.17
TurkeyBIST 167443.7557.140.570.430.14
ChinaSSE 2715855.5653.330.270.130.13
IndiaNSE 178347.0637.500.380.250.13
South KoreaKOSDAQ 219342.8633.330.330.220.11
Vietnam HOSE 32191059.3852.630.260.160.11
PhilippinesPSE 3922856.4136.360.230.140.09
FOREXFOREX 3114645.1642.860.360.290.07
PakistanKSE 4416636.3637.500.440.380.06
IsraelTASE 125341.6760.000.600.600.00
NorwayOSE 2411545.8345.450.360.360.00
TaiwanGTSM 136346.1550.000.330.330.00
BangladeshDSE 2012460.0033.330.000.08-0.08
SwedenSTOCKHOLM 207235.0028.570.140.57-0.43
ArgentinaBUE 4715531.9133.330.601.07-0.47
Austria WIENERBORSE 116532545.6947.171.361.83-0.47
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.