How to Trade the Hanging Man Candlestick Pattern
2 years ago
2
The hanging man candlestick pattern is a bearish reversal pattern that occurs after an uptrend. It is formed when the price opens at a high, then falls further, but closes near the opening price. The long lower wick of the hanging man indicates that there was buying pressure, but the bears were able to overcome it and close the candle near the opening price.
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