What is the Hanging Man pattern?

Same shape as hammer but after uptrend. Bearish reversal warning.

Is the Hanging Man pattern bullish or bearish?

The Hanging Man is classified as a bearish candlestick pattern. It typically signals a potential downward price movement.

How reliable is the Hanging Man pattern?

TradingPatterns.io tracks the historical win rate of every Hanging Man detection across multiple timeframes. Visit the pattern page to see current win rates and confidence scores based on real market data.

How do I trade the Hanging Man pattern?

Wait for the Hanging Man pattern to be confirmed with a breakout above resistance (bullish) or below support (bearish). Use the measured move technique to set price targets, and place a stop loss on the opposite side of the pattern. Volume confirmation increases reliability.

Which plan do I need to detect Hanging Man patterns?

The Hanging Man pattern is available on the Pro plan. TradingPatterns.io offers 3 free pattern detectors, 46 on Pro ($39/mo), and all 78 on Premium ($59/mo).

candlestick · bearish

Hanging Man

bearishcandlestickPro

Same shape as hammer but after uptrend.

View track record

Win Rates

Timeframe	Win rate	Sample	Won / Lost	Avg return	Expectancy
15m1Y	33.3%	159	53 / 106	—	—
1d1Y	38.2%	5,154	1,969 / 3,185	—	—
1h1Y	37.1%	7,873	2,918 / 4,955	—	—
1w1Y	30.6%	2,790	853 / 1,937	—	—
30m1Y	34.8%	256	89 / 167	—	—
4h1Y	38.4%	4,960	1,905 / 3,055	—	—
5m1Y	42.5%	87	37 / 50	—	—

Average return and expectancy are included with Premium. See plans

Not financial advice. Pattern detections are algorithmic and for informational purposes only. Past performance does not guarantee future results. Always do your own research before trading.