Bearish Candlestick Patterns🔻
These are candlesticks or combinations of candlesticks that form on the chart, indicating that the price may decline in the upcoming period. According to technical analysis, these candles are alert patterns that require price watchers to monitor liquidity flows afterward to consider the likelihood of a downward movement reversal.
-1- Hanging Man Candlestick
The first candle among the bearish candles is the Hanging Man candlestick, which has a relatively long lower shadow compared to the upper shadow, and the price declines during the formation of the candlestick body. However, the body of the candle should be small compared to the lower shadow, and the absence of an upper shadow increases the reliability of the candle. In all cases, the upper shadow should be very small, and the image illustrates this candle:⬇️