The chart shows the hanging man pattern appearing indicates the end of its bullish movement
now we can go short if it move below previous two days low we can consider a short
feel free to call us +919500077790 info@eqsis.com
The chart shows the hanging man pattern appearing indicates the end of its bullish movement
now we can go short if it move below previous two days low we can consider a short
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Hi,
Hanging man have a small body with a long upper tail pattern. Hanging man is a bearish reversal pattern, as the buyers were initially in charge but yet the sellers were capable to reverse that control and drive prices back up to close near the low for the day.
Conditions
Hanging man have a small body with a long upper tail.
The lower tail should be invisible or very small in size.
Volume should be high during hanging man day.
Hanging man should be red in color.
Hanging man occur after a price incline