Lessons › Candlesticks › The hanging man: same shape, different place
World 1 · Candlesticks · lesson 9 · level 2
The hanging man: same shape, different place
A hammer shape at the top of a rise is called a hanging man, and it warns that buyers may be tiring.
What it is
After a rise, a long lower wick warns that sellers are testing.
Your task in the app
Find the hanging man. Then decide: buy, sell, or wait?
How often it worked
| Market | Times found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| India (NSE) | 155 | 35% | 60% | 5% |
| United States | 187 | 37% | 61% | 2% |
| Japan | 134 | 42% | 58% | 1% |
| Crypto | 1,199 | 35% | 58% | 7% |
| Forex | 137 | 26% | 64% | 10% |
| Commodities | 59 | 39% | 54% | 7% |
Counted on real past charts by the Trading Class research engine, 1,871 cases in all. Past odds, not a forecast.
Read more on the Hanging man pattern page.
Goal of this lesson: Recognize a hanging man after a rise and explain why it differs from a hammer.