A Hanging Man is a single-candle bearish reversal with a small body near the top and a long lower wick, appearing after an uptrend. Despite the bullish-looking recovery within the candle, its location at a top warns of weakening demand.
Follow-through rate — how often price moved in the predicted direction within each window — across 1,535 historical occurrences on 20+ exchanges. Computed June 2026.
| Horizon | Historical win-rate |
|---|---|
| 1 hour | 36% |
| 4 hours | 34% |
| 24 hours | 40% |
| 7 days | 47% |
| Sample size | 1,535 occurrences |
This is a historical follow-through rate, not a trade simulation, and does not guarantee future results. See methodology →
Price sells off sharply within the candle then recovers to close near the open, leaving a long lower shadow. It is identical in shape to a hammer; only its position after an uptrend makes it bearish.
Traders wait for a confirming red candle or a close below the hanging man’s low before shorting, with a stop above the high. It is most meaningful at resistance.
CryptoPatterns’ scanner detects the hanging man live across 20+ exchanges and every timeframe, tagging each occurrence with the historical win-rate above so you can weigh it in context. See how the scanner works →
Bearish. Although the candle shows an intraday recovery, its appearance after an uptrend signals that sellers are starting to test the highs — confirmation on the next candle is key.
By trend context. The same shape is a hammer after a downtrend (bullish) and a hanging man after an uptrend (bearish).
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