What Is Hanging Man?
The Hanging Man is a bearish warning candle that appears at the top of an uptrend. It has the same shape as a Hammer (small body at the top, long lower shadow) but its context gives it the opposite meaning — sellers are testing lower prices.
Win Rate
55%
Avg Move
2.2%
Best TF
Daily
BearishSingle Candle1 CandleBeginnerModerate Reliability
Key Characteristics
- Small body at or near the candle high
- Long lower shadow (at least 2x the body)
- Appears after a clear uptrend
- Requires bearish confirmation the next day
Learn More About Hanging Man
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