Understanding the “Hanging Man”: The Optimistic Candlestick Pattern

This item was filled under [ Candlestick Patterns ]

From Investopedia
Understanding the “Hanging Man”: The Optimistic Candlestick Pattern
Investopedia, on Thu, 10 Apr 2014 08:09:43 -0700
The hanging man is a type of candlestick – a chart that displays the high, low, opening and closing prices for a security for a single day. Candlesticks reflect the impact of investors’ emotions on security prices and are used by technical analysts to More Here

Heres an article about a hanging man forming on the USD/JPY forex chart:

USD/JPY Bounces Off 102.00 Following Bullish Candlestick Pattern
Investing.com, on Mon, 28 Apr 2014 03:18:45 -0700
Following USD/JPY’s run on the 102.70 level a Hanging Man formation has emerged, which warns of potential declines for the pair. However, given the strong buying support at the psychologically significant 102.00 handle, we may see limited downside¬†…More here

And Heres a youtube video explaining the Hanging Man pattern

Hanging Man Japanese Candlestick Chart Pattern - Description & Chart ExampleHanging Man Japanese Candlestick Chart Pattern – Description & Chart Example
The hanging man candlestick chart pattern occurs after an uptrend and suggests future weakness, even a reversal downward. The pattern, its psychology, tradin…

¬†As always, do your due diligence on any investment before you act. Don’t listen to everything you here on the internet. Do your own research and you will be much better off for it.

 

 

Tags: , , ,