What is a hanging man?

A hanging man is a bearish reversal candlestick pattern that occurs after a price advance. The advance can be small or large, but should be composed of at least a few price bars moving higher overall. The candle must have a small real body and a long lower shadow that is at least twice the size as the real body. There is little or no upper shadow.

Why is the game called 'Hangman'?

With each wrong letter guess, the man is drawn more and more. When the man is finished, he is hung and the game is lost. This is why the game is called 'Hangman'. If you can reveal all the letters in the word before the man is hung then you are successful and the full word is revealed along with an image showing the meaning of the word.

What happens when the man is hung?

When the man is finished, he is hung and the game is lost. This is why the game is called 'Hangman'. If you can reveal all the letters in the word before the man is hung then you are successful and the full word is revealed along with an image showing the meaning of the word. An audio clip should also play if it has been loaded.

Why is the Hanging Man bearish?

The hanging man comes after a price advance, it is bearish because it shows that price had been advancing over successive days. The bulls were firmly in control. But then on the day the hanging man formed, bulls were at first in control. But during the session the bears came in and pushed price down. The bulls came back in and pushed price up.