Hanging man Candlestick is a Bearish reversal candlestick
pattern appears in an uptrend.
This pattern occurs at the top of uptrend and is a potential
reversal downward.
The Hanging man shows that there are no more buyers left to
push the price.
The long lower shadow.
The real body is at the upper end of the trading range.
Little or no upper shadow.
The color of the real body is not important.
A hanging man might indicate a reversal but you need
confirmation a lower opening the next day or a down session with a lower close
the next day.
No comments:
Post a Comment