The hanging manThe hanging man is a bearish reversal pattern that usually o... More is a bearish reversalWhat is a trend reversal? A trend reversal is when the mark... More pattern that usually occurs at the end of an uptrendWhat are uptrends in trading? When the price of an asset o... More.
On a chart, the hanging man’s pattern (1) is indicated by a relatively long lower wick compared to the body, and a small or no upper wick.
The long wick on the bottom shows that the sellers initially pushed the price lower, but buyers entered in such sufficient numbers to push the price back up to indicate the .
In orderWhat is a trade order? In trading, an order can be defined... More to be valid, the following criteria should be fulfilled:
- The wick should be 2x or 3x longer than the body
- There should be little or no upper wick
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