Hanging Man is BEARISH REVERSAL pattern
1. Small real body
2. Real body is at the top end of the day’s range
3. Very small, or no upper shadow
4. The long lower shadow should be at least twice the height of the real body
5. The colour of the real body is not important
6. Market is in an uptrend
Hanging Man forex trading strategies that work
A Hanging Man candlestick is the same shape as a Hammer, but is seen during a
rising market.
I’m sure you’ll agree with me that after finding out all about this pattern it’s a bit
of an anticlimax. What a great name, summoning up the most bearish of bear
thoughts! In reality it can be a good warning signal that the sellers are stirring after
a period of domination by the bulls, but it’s not often the horrid disaster that its
name might suggest