A top candlestick reversal pattern that requires confirmation. The hanging man and the hammer are both the same type of candlestick pattern (i.e., a small real body [white or black], with little or no upper shadow, at the top of the session’s range and a very long lower shadow). But when this line appears during an uptrend, it becomes a bearish hanging man. It signals the market has become vulnerable, but there should be bearish confirmation the next session with an open, and better is a close, under the hanging man’s real body. In principle, the hanging man’s lower shadow should be two or three times the height of the real body.
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