Hanging Man
A hammer-shaped candle after a rally, confirmed when the next candle closes lower. A bearish reversal.
Bearish
Reversal
5 candles
What it means
A hammer-shaped candle after a rally, confirmed when the next candle closes lower. A bearish reversal.
How it's detected
- Five candles. The first three closes are an uptrend: average gain is greater than average loss.
- The fourth candle is a bullish or bearish hammer (not an inverted hammer).
- The fifth candle is bearish and closes below the fourth candle.
Recent matches
Daily bars for a symbol, with marks where this pattern's detector matches.
Related patterns
Gravestone Doji
Bearish
Reversal
1 candle
Price rallied and failed, closing back at the low. The long upper wick shows sellers rejected the high.
Bearish Hammer
Bearish
Reversal
1 candle
A single red hammer: a small body at the high and a long lower wick. This check is the candle shape only.
Bearish Inverted Hammer
Bearish
Reversal
1 candle
A single red inverted hammer: a small body at the low and a long upper wick. This is the shooting-star candle shape.