Hanging Man Candlestick PatternThe hanging man candle is a bearish single-candle Japanese candlestick pattern that gives a strong indication prices may be set to reverse and go back down. The hanging man candle has no upper wick, a short body and a long lower wick that should be at least twice the size of the body. Candle pattern formations are known as "leading edge" indicators because they tend to predict market turns before they happen as opposed to technical indicators which are used to confirm reversals. Many traders rely solely on Patterns like hanging man to base their trading decisions. The video below illustrates a hanging man candlestick trade.
To learn how to trade all of the Japanese candlestick patterns, go HERE.
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