#الرجل_المشنوق
I tell you, may God bestow sustenance on me and on you every day
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“Hanging Man” is the name given to a candle that resembles a hammer in shape. A hammer candle occurs in downward trends, while a Hanging Man pattern occurs in upward trends.
In this pattern, the wick extends downward instead of upward, indicating a possible downward price movement. This pattern is usually considered an early signal of an uptrend reversal and for sellers seeking to push the price down.
To confirm that a reversal has occurred, the next candle must move bearish toward the “neckline,” a level identified by the high of the bullish candle on the other side of the Hanging Man candle.
$ZIL $HOT $VET
#ZIL #HOT #VET
I tell you, may God bestow sustenance on me and on you every day
First, follow me 😎
Secondly, like 👍🏼
Thirdly, comment 📜
Fourth, repost🔃
Fifthly, share ⤵️
“Hanging Man” is the name given to a candle that resembles a hammer in shape. A hammer candle occurs in downward trends, while a Hanging Man pattern occurs in upward trends.
In this pattern, the wick extends downward instead of upward, indicating a possible downward price movement. This pattern is usually considered an early signal of an uptrend reversal and for sellers seeking to push the price down.
To confirm that a reversal has occurred, the next candle must move bearish toward the “neckline,” a level identified by the high of the bullish candle on the other side of the Hanging Man candle.
$ZIL $HOT $VET
#ZIL #HOT #VET
