Candlestick Patterns→ Pattern Detail
Hanging Man
A bearish reversal candle with long lower wick at resistance
A hanging man has the same shape as a hammer but appears at resistance after an uptrend. The long lower wick shows selling pressure - despite buyers recovering, the selling attempt warns of potential reversal.
✓How to Recognize
- •Same shape as hammer (small body, long lower wick)
- •Appears at resistance after advance
- •Shows selling pressure emerging
- •Color of body less important than location
⚡How to Avoid
- →Don't buy hanging man at resistance
- →Wait for bearish confirmation
- →More significant at key resistance
- →Volume spike adds validity