Reversal Indices Candlesticks Patterns - Hanging Man Indices Candlestick Pattern
Hanging Man Indices Candlesticks Pattern
Hanging Man Indices Candlesticks Pattern is a potentially bearish reversal stock indices signal that occurs during a indices upward trend. Hanging Man Stock Indices Candlesticks Pattern is named so because it resembles a man hanging on a noose up high.
A hanging man stock indices candlesticks pattern has:
- A small body
- The body is at the top
- The lower shadow is two or three times the length of the real body.
- Has no upper shadow or very small upper shadow if present.
- The color of the body is not important
How to Indices Trade Hanging Man Indices Candlesticks Patterns - Indices Technical Analysis of Hanging Man Indices Candlesticks Pattern
Indices Technical Analysis of Hanging Man Indices Candlesticks Patterns
The sell stock indices signal is confirmed when a bearish indices candlesticks closes below the open of the indices candlesticks on the left side of this hanging man stock indices candlesticks pattern.
Stop loss orders should be place a few pips just above the high of the hanging man stock indices candlesticks pattern.