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Hanging Man
Hanging Man is a potentially bearish pattern which occurs during an uptrend. It is named because it looks like a hanging man with dangling legs.
Recognition Criteria:
• A long lower shadow which is about two to three times of the real body.
• Little or no upper shadow.
• The real body is at the upper end of the trading range.
• The color of the body is not important, though a black body is more bearish than a white body.
Notes and references
- http://www.swingtracker.com/content.php?content=candle_hangingman
See also
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