Hanging On A Star Patterns

13th December 2016 AlejandraMattison 0 Comments

The hanging man and hammer patterns are trend reversal patterns that consist of the same type of candlestick, which are called umbrella lines because of their shape. In other words, both the hanging man and the hammer pattern have the same shape, though the one is bearish while the other is relatively bullish.

Hanging Man is a bearish reversal candlestick chart pattern that occurs at the top of an uptrend. Similar to the hammer candlesticks charting pattern. Details at OnlineTradingConcepts.com

This article describes the hanging man candlestick, including performance statistics and rankings, written by internationally known author and trader Thomas Bulkowski.

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Candlestick patterns are essential tools for every price action trader. Here are 10 candlestick patterns that you must know, complete with trading examples.

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Generally speaking, the longer the body is, the more intense the buying or selling pressure. Conversely, short candlesticks indicate …

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Candlestick chart patterns highlight trend weakness and reversal signals that may not be apparent on a normal bar chart.