Hanging man

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    Hanging manThe hanging man is a bearish reversal pattern that usually occurs at the end of an uptrend.

    On a chart, the hanging man’s bearish reversal pattern (1) is indicated by a relatively long lower wick compared to the candle’s 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 uptrend.

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    In order 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
    Hanging man chart pattern
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