Hanging Man

Signal Type: Reversal
Bias: bearish

hangingman

Description: A hanging man resembles a hammer but it occurs at the top of an uptrend and signals a possible bearish reversal. More reliable hanging man candles have a long lower-wick, a small upper body (red or green, though red is slightly more reliable), and a small to non-existent upper wick.

3 Comments on "Hanging Man"
  1. Reply
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    Comment left on:
    November 27, 2009 at 04:14
    mohammadali says:

    the arrow going up on the left of bearish reversal hanging man should be in green.

  2. Reply
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    Comment left on:
    November 10, 2010 at 16:49
    freshiah gathoni njenga says:

    hey piphuthut l have not know how to follow you sign very well but am learn and trading with your signal little and making few money though you trading signal thank-you very much and continue am still learning how to use you signal good night thankyou

  3. Avatar of amabdeslam
    Reply
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    Comment left on:
    March 25, 2011 at 13:20
    amabdeslam says:

    i prefer shooting star then hanging men, because shooting star means that the price go up but in the end start to go down, hanging men means that the price go down first but now already go up so its more bullish then bearch

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