🎓Only for Beginner🎓

Type: HANGING MAN #Bearish

Uptrend: The hanging man candlestick pattern is typically found in an uptrend,

Small Real Body: The hanging man has a small real body, which means the open and close prices are close to each other.

Long Lower Shadow: The hanging man pattern is characterized by a long lower shadow, also known as the tail or the wick.

Little or No Upper Shadow: The upper shadow, if present, is usually small or nonexistent.

Previous Trend: The hanging man candlestick should appear after a sustained upward price movement or uptrend.

Confirmation: While the hanging man pattern itself is a bearish signal, it's important to wait for confirmation in the subsequent price action.

Volume: While not a strict rule, it's beneficial to consider volume during the formation of the hanging man candle.