Forex eBook

Hanging Man Bearish Pattern

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Hanging Man Bearish Pattern

Hanging Man Bearish Pattern Basic Info

The Bearish Hanging Man Pattern is a single candlestick and a top reversal pattern. Reliability is Low

How to recognize Hanging Man Bearish Pattern

1. Market is Bullish – uptrend.
2. It is characterized by its small real body at the upper end of the trading range and it is located above the trend. The color of the body is unimportant.
3. It has a lower shadow, which is at least twice the height of the real body.
4. There is either no upper shadow or a very short upper shadow.

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