The Hanging Man, also known as the Hanging Head Line, is a single bearish reversal candlestick in the 12 Golden K. In some cases, it is regarded as a signal that an upward trend is about to pull back or end.
The hanging man candlestick has no color requirements; it can be a bearish candlestick or a bullish candlestick, but it has high requirements for position and structure. First, regarding position, it must be in an upward trend; next, concerning structure, the most perfect situation allows only for a long lower shadow, with no upper shadow permitted, and the shadow part must be greater than or equal to twice the body part. The hanging man candlestick can also have a deformed structure, allowing for an upper shadow but it must be very short. Note: 1. The longer the lower shadow, the shorter the upper shadow, and the smaller the body, the more significant it is. 2. The top that appears at the end of an upward trend can be seen as a signal that the trend is about to pull back or come to an end. 3. If the Hanging Man candlestick lacks strength and is not at a key position, discard it immediately! 4. Don't rush to enter, but wait for the second opportunity. #Gate重磅上线GUSD#
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The Hanging Man, also known as the Hanging Head Line, is a single bearish reversal candlestick in the 12 Golden K. In some cases, it is regarded as a signal that an upward trend is about to pull back or end.
The hanging man candlestick has no color requirements; it can be a bearish candlestick or a bullish candlestick, but it has high requirements for position and structure. First, regarding position, it must be in an upward trend; next, concerning structure, the most perfect situation allows only for a long lower shadow, with no upper shadow permitted, and the shadow part must be greater than or equal to twice the body part.
The hanging man candlestick can also have a deformed structure, allowing for an upper shadow but it must be very short.
Note:
1. The longer the lower shadow, the shorter the upper shadow, and the smaller the body, the more significant it is.
2. The top that appears at the end of an upward trend can be seen as a signal that the trend is about to pull back or come to an end.
3. If the Hanging Man candlestick lacks strength and is not at a key position, discard it immediately!
4. Don't rush to enter, but wait for the second opportunity.
#Gate重磅上线GUSD#