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What is a Hanging Man Candlestick?

From newtraderu.com

A hanging man is one kind of bearish reversal candlestick pattern. The hanging man is the name of a signal candle that is located inside an uptrend of higher highs and higher lows in price on a chart. The hanging man candle has a lower wick (shadow) that is longer than the body which is usually much shorter and flat at the top with little or no upper wick (shadow). The long lower wick expresses the wide intra-day trading range and volatility and the smaller body shows the open and closing prices were close to each other. Most traders believe tha the lower wick must be at least twice the size of the body to be a valid ... (full story)

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