Glossary › hanging man
Trading glossary · candles
hanging man
A hammer-shaped candle that appears after a rise instead of a fall, where it can warn that the climb is tiring.
The fuller meaning
The hammer's shape, a small body at the top and a lower wick at least twice the body, appearing after a rise. It shows sellers pushed hard during the period even though buyers recovered, but it is weak on its own, so traders wait for confirmation such as a close below its body.
hanging man.
Related words
bearish · bearish engulfing · bearish harami · bearish marubozu · body · bullish · bullish engulfing · bullish harami · bullish marubozu · candlestick