Hanging
man candlestick pattern usually come in a up trend.It does not give a sell signal. It just warn for potential price direction changing probability.
To trade with this candlestick pattern, You have to wait until a bearish candle after it.
If a bearish candlestick forms after a hanging man, trend is confirmed. You may play with the down trend.
However, don't trade hanging man alone. Wait for the confirmation and another source of trend confirmation. If this confirmation does not come, do not trade at this time.
Remember, a good Forex trader, can use his opportunity well. He can stop away from bad opportunities. And in Forex market trading opportunities will come again and again. So, you need to earn patience like rat catching by cat.
Direction:-- Bearish or Downtrend
Type of this pattern: Reversal
Reliability on this pattern: Week
Hanging man candlestick chart pattern can be found in a chart most often time. Its long shadow indicates that seller was able to make bearish the price. But at that time buyer place their all efforts to up the price, but they can not make bullish it more. Because there are no more buyer at this time. Then seller come and force the market to go down.
Major Factors Of Hanging Man Candlestick Chart Pattern...
1. The price in an uptrend.
2. Gap up.
3. Lower shadow which are at least twice as big as real body.
4. Small real body bullish. Better if it is bearish.
5. A bearish candle which confirmed the sell signal from this pattern.
6. And you have got a Hanging man candlestick pattern. And there was the trading system with this pattern also.
| 01 | How to Read A Candlestick Chart |
| 02 | Bearish Engulfing |
| 03 | Bullish Engulfing |
| 04 | Doji |
| 05 | Dragonfly Doji & Gravestone Doji |
| 06 | Piercing Pattern |
| 07 | Morning star |
| 08 | Dark cloud cover |
| 09 | Hammer |
| 10 | Hanging Man |
| 11 | Harami |
| 12 | Inverted Hammer |
| 13 | Evening star |
| 14 | Shooting star |
| 15 | Tweezers Top |
| 16 | Tweezers Bottom |
| 17 | Windows |
| 16 | The Last Discussion on Japanese Candlestick Chart |
My dad was diagnosed with early onset Parkinson's disease at 56.his symptoms were shuffling of feet,slurred speech, low volume speech, degradation of hand writing, horrible driving skills, right arm held at 45 degree angle, but now he finally free from the disease with the help of total cure from ULTIMATE LIFE CLINIC, he now walks properly and all symptoms has reversed, he was having trouble with balance especially at night, getting into the shower and exiting it is difficult,getting into bed is also another thing he finds impossible.we had to find a better solution for his condition which has really helped him a lot,the biggest helped we had was ultimate life clinic they walked us through the proper steps,am highly recommended this www.ultimatelifeclinic.com to anyone who needs help.
ReplyDelete