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US stock market · candlestick pattern

Hanging man on Oracle

On Oracle the hanging man showed up 31 times. The target came first 48% of the time, the stop 45%, and 6% went nowhere within 12 candles.

Counted on Oracle: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1656%38%6%
Hourly1540%53%7%

Oracle against the rest

ChartsFoundTarget firstStop firstWent nowhere
Oracle3148%45%6%
All US stock market charts88938%58%4%
Every market8,31136%58%6%

Year by year

YearFoundTarget firstStop first
2018367%33%
20193100%0%
2020333%33%
2024333%67%
20251164%27%
2026617%83%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the hanging man is

After a rise, a long lower wick warns that sellers are testing.

Imagine climbing to the top of a hill, slipping far down, then scrambling back up. You made it, but the slip warns that the ground up there is shaky. A hanging man is that slip, showing up after price has been rising.

The full hanging man lesson, video and quiz ›

Other patterns on Oracle

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Gap up · Gap down · Doji · MACD bearish cross · MACD bullish cross · Volume profile bounce · all of them

The hanging man elsewhere

Dow Jones · S&P 500 · Nasdaq 100 · Alibaba · Tesla · Broadcom · Nvidia · Microsoft · Meta · Intel · Sensex · Nifty 50 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Ethereum

Questions

How often does the hanging man work on Oracle?

In 31 cases on Oracle, the target (1.5 × ATR) came before the stop (1 × ATR) 48% of the time and the stop came first 45%; 6% went nowhere within 12 candles.

What is the hanging man?

After a rise, a long lower wick warns that sellers are testing.