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Hanging Man |
Hanging Man is a bearish candlestick pattern.
How to Identify:
The trend reversal can be predicted if occurring at the end of an uptrend, this candle has a short body located in the top half of the trading range, absent or very short upper shadow, and long lower shadow.
We use our proprietary data-mining algorithm to capture specific price movement and pattern performance.
Under certain circumstances, a Bearish pattern can also perform as a Bullish pattern, and a reversal pattern can be changed into a continuation pattern.
If you want to find out the performance of this pattern in real market, not in theory, our data mining results are your must have reference.
How to Identify:
The trend reversal can be predicted if occurring at the end of an uptrend, this candle has a short body located in the top half of the trading range, absent or very short upper shadow, and long lower shadow.
We use our proprietary data-mining algorithm to capture specific price movement and pattern performance.
Under certain circumstances, a Bearish pattern can also perform as a Bullish pattern, and a reversal pattern can be changed into a continuation pattern.
If you want to find out the performance of this pattern in real market, not in theory, our data mining results are your must have reference.
The following pictures are taken from our Candlestick Pattern Indicator (Thinorswim version).
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