Episodes on Explaining Japanese Candles
The First Candle: Hanging Man
Hanging Man Candle
It is one of the well-known Japanese candles that appears as a small body at the top with a long tail at the bottom, and there is no upper shadow or it may exist but is very small, and it usually occurs after an upward trend.
It indicates that the market will shift from rising to falling, as it only appears when traders enter a strong selling process that overcomes the demand.
Its appearance signifies the market's transition from rising to falling.
Look at the picture below to recognize this candle.
Hanging_Man#
