TF: 8H Hanging man candlestick formed across the 4h and 8h TFs which could lead to a move lower. Might be corrective to todays impulse or a correction to the move higher over the last few months.
Banknifty look very bearish a hanging man is created in banknifty and nxt day candle was open below it and close below it which support bearishness. Our target for Banknifty in coming week was .. Target 38815 38550 38106 37574 37347 Sl 39475
After Ethereum's drop and recovery today, a massive hanging man candle formation has formed. This is a strong indication of an imminent collapse in Ethereum. Short positions anywhere above 4100 can be traded. I think cryptocurrencies in general will enter another bear market. A double top has formed in Ethereum and Bitcoin too. Both these chart patterns are...
Possible Short setting up with a hanging man candle on the 1 day chart. We are almost at the top of the channel so a open under the hanging mans real body would be a good place to open a short position with a stop loss maybe just above the hanging mans upper wick i would also wait for the 1st 30 minutes of trading to conclude before possibly trading this as to...
Circled area is called hanging man. Sometimes it means that market is changing direction.
Next graph will show why we did not trade the daily pin bar that formed last week. That pin bar on the daily chart was actually a hanging man candlestick. For those of you who don't know what a hanging man is, it's basically a pin bar that forms at a swing high or low. The difference between this type of pin bar and the pin bars we want to trade is that the...