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Markets › Palantir › Hanging man

US stock market · candlestick pattern

Hanging man on Palantir

On Palantir the hanging man showed up 33 times. The target came first 36% of the time, the stop 61%, and 3% went nowhere within 12 candles.

Counted on Palantir: daily candles from September 2020 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1118%82%0%
Hourly2245%50%5%

Palantir against the rest

ChartsFoundTarget firstStop firstWent nowhere
Palantir3336%61%3%
All US stock market charts88938%58%4%
Every market8,31136%58%6%

Year by year

YearFoundTarget firstStop first
2023367%33%
202440%100%
20252040%55%
2026633%67%

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 Palantir

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Gap up · MACD bearish cross · Gap down · RSI overbought drop · Doji · Volume profile rejection · all of them

The hanging man elsewhere

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

Questions

How often does the hanging man work on Palantir?

In 33 cases on Palantir, the target (1.5 × ATR) came before the stop (1 × ATR) 36% of the time and the stop came first 61%; 3% went nowhere within 12 candles.

What is the hanging man?

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