Recognizing the ‘Hanging Man’ Candlestick Pattern
The hanging male takes place when two major criteria are present:
Given these 2 standards, when a hanging man forms in an uptrend, it suggests that customers have lost their stamina.
The Hanging Man Explained
Upon seeing such a pattern, think about starting a short profession near the close of the down day complying with the hanging man. By looking for hanging male candle holder patterns with all these attributes, it ends up being a much better predictor of the price relocating lower.
- The asset has been in an uptrend.
- The candle has a small real body (distance between open and close) and a long lower shadow. There is little to no upper shadow.
The hanging man takes place when two main standards are present:
Given these two criteria, when a hanging guy kinds in an uptrend, it suggests that customers have actually shed their strength.