Hanging Man

Hanging Man is a potentially bearish pattern which occurs during an uptrend. It is named because it looks like a hanging man with dangling legs.

Recognition Criteria:

• A long lower shadow which is about two to three times of the real body.
• Little or no upper shadow.
• The real body is at the upper end of the trading range.
• The color of the body is not important, though a black body is more bearish than a white body.