Patterns › Hanging man
Candlestick patterns
Hanging man
After a rise, a long lower wick warns that sellers are testing.
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.
How to practise it
Find the hanging man. Then decide: buy, sell, or wait? In the app, 36 real examples of the hanging man wait for you across 6 markets, and you say what happened next before the chart shows you.
Lesson: The hanging man: same shape, different place.
Related
Doji · Spinning top · Bullish marubozu · Bearish marubozu · Hammer · Inverted hammer · Shooting star · Dragonfly doji