Hanging Man
A candle with a small body near the top and a long lower wick, appearing after an advance.
Identical in shape to a hammer and read as its opposite because of where it appears. The logic is that a deep intraperiod decline during an uptrend shows selling that was not there before.
What a hanging man has actually done
Every occurrence we hold, scored on whether price moved more than 0.5% in the pattern’s own direction within three candles.
| Timeframe | Occurrences | Reached target | Baseline | Edge |
|---|---|---|---|---|
| 4H · crypto | 1,921 | 43.5% | 37.4% | +6.1pp |
| 1H · crypto | 1,611 | 41.0% | 22.7% | +18.3pp |
| 1D · crypto | 916 | 50.7% | 48.6% | +2.1pp |
Baseline is the share of ordinary candles that passed the same test over the same period, same timeframe and same direction. A rate at or below it means the shape added nothing. Edge is the difference between the two. This is a record of what followed, not a forecast.