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Hanging Man Candlestick Pattern.
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Hanging man Candle Stick pattern.
A hanging man looks same as a hammer, the only difference being where it crops up.
While a hammer appears after a downtrend, a hanging man will do so after a bull market. It is taken as a sign that selling sentiment is growing against buyers, and therefore a reversal may be coming soon.
The price action within a hanging man might look like this:
A red hanging man is usually taken as a stronger signal than a green one – though both are considered bearish patterns.
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Evening Star Candlestick Pattern.
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