Candlestick Charting 

Candlestick Patterns Bearish Signals / Hanging Man

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Candle Holder Patterns Bearish Signals/ Hanging Guy

Standards:
Hanging Man has the same requirements as the Hammer. However, this line appears after a rally whereas a Hammer arises during a down pattern.

Market Implication: Possible top reversal.

Resistance: Not utilized as resistance.

Psychology: Those that got on the hangingman session's open or close bought at brand-new highs for the action, hence making them anxious.

Have to come after a considerable rally.
As a result of the favorable form of the line (the long lower darkness) we do not view this as meaningful turnaround signal.
Reverse of Inverted Hammer.

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