Hanging Man – Basic Single Candlestick Pattern

Hanging Man is a single candlestick bearish reversal pattern which helps to identify reversal pattern from bullish to bearish. This pattern forms during the uptrend but there is no assurance of that. Hanging man and hammer are similar in pattern the only difference is that hanging man forms during uptrend and give sign of bearish trend and hammer forms during downtrend and gives sign of bullish trend.

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