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Indian stock market · candlestick pattern

Hanging man on Trent

On Trent the hanging man showed up 23 times. The target came first 26% of the time, the stop 74%, and 0% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1217%83%0%
Hourly1136%64%0%

Trent against the rest

ChartsFoundTarget firstStop firstWent nowhere
Trent2326%74%0%
All Indian stock market charts1,25237%58%5%
Every market8,31136%58%6%

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 Trent

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

The hanging man elsewhere

Sensex · Nifty 50 · Infosys · ICICI Bank · State Bank of India · Tata Power · Bajaj Finserv · Nestle India · Britannia · Punjab National Bank · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Ethereum

Questions

How often does the hanging man work on Trent?

In 23 cases on Trent, the target (1.5 × ATR) came before the stop (1 × ATR) 26% of the time and the stop came first 74%; 0% went nowhere within 12 candles.

What is the hanging man?

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