Author name: nisha

Both have a small body and a long lower wick, but their location in the trend makes the difference in interpretation. The Hanging Man is often compared with other bearish reversal patterns, such as the Shooting Star and Doji. A Hanging Man Candlestick appears during an uptrend, and it signifies that selling pressure may be

The hanging man pattern, while indicative, is not a standalone predictor and is best utilized in conjunction with comprehensive security and market analysis and risk management strategies. In classic technical analysis, the hanging man pattern forms during an uptrend and is believed to signal a reversion of the trend. For example, a hammer candle holds

The chart below shows two Hanging Man patterns for Meta (META) stock, both of which led to at least short-term moves lower in the price. The long-term direction of the asset was unaffected, supporting the belief that Hanging Man patterns are only useful for gauging short-term momentum and price changes. The hanging man pattern in