Hanging Man Candlestick Formation

Hanging Man Candlestick Example

Description

A Hanging Man candlestick is composed of a single candlestick. It occurs during an uptrend. It is composed of a small real body, either red or green, with a small upper shadow and a large lower shadow. It shows that while price has been moving up, the bears have some power, and there is a threat of price collapsing again.