Hanging Man Candlesticks Patterns - Hanging Man Bearish Stocks Candlesticks Pattern

Hanging Man Candles Pattern

Hanging Man Candles Pattern is a potentially bearish reversal stocks signal which occurs during a stocks upward trend. Hanging Man Candles Pattern is named so because it resembles a man hanging on a noose up high.

A hanging man candles pattern has:

• A small body
• The body is at the top
• The lower shadow is 2 or 3 times length of real body.
• Has no upper shadow or very small upper shadow if present.
• The color of the body isn't important

Hanging Man Candle Pattern - How to Trade Hanging Man Candlesticks Patterns - Stocks Technical Analysis of Hanging Man Candles Pattern

Stocks Technical Analysis of Hanging Man Candlesticks Patterns

Sell signal is confirmed when a bearish stocks candlesticks closes below the open of the stocks candlesticks on the left side of this hanging man candlesticks pattern.

Stop Loss orders should be set a few pips just above the high of the hanging man candlesticks pattern.