What Is The Hanging Man Candlestick Pattern & How To Trade With It

Hanging Man Candlestick Pattern

The Hanging Man Candlestick Pattern appears in an uptrend. It represents a bearish pattern with a drop in price. The Pattern consists of a small body with a long lower wick and a little or no upper wick. It looks similar to alphabet T. What is the Hanging Man Candlestick Pattern? The Hanging Man describes that the bulls are losing control, and the market is declining, showing the dominance of bears. Its long lower wick shows a significant sell-off, which pushes the price downwards before the buyers push the price closer to the opening levels. Thomas Bulkowski, in his book …READ MORE