This analysis is best suited for short term trading mainly who traded weekly.
For engulfing and piercing low volume is accepted. For Doji, hammer and hanging man high volume should be witnessed.
The various patterns are
1. Bullish/Bearish engulfing
2. Bullish/bearish piercing
3. DOJI
4. Hammer/Hanging man
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Bullish View
Bearish View
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Hi,
Your Question 2 :: When to buy and sell for Hanging man?
The high of the hanging man acts as the stop loss price for the trade. The low of the hanging man acts as the entry and your target should be based on risk taken.