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Hanging Man

BTC first more significant correction/wick bellow 10250$.BTC first more significant correction/wick bellow 10250$. So far forming a hammer doji , but we need more information before confirming/assuming a more positive directing. The situation can easily turn and the hammer doji can transform into a hanging man pattern quite easily. So far staying neural to moderately bullish. Remember not to over leverage your trades as moves between 3-5% will happen more often than you think (especially at resistance).
BITSTAMP:BTCUSD
by megaprofits
SPX Hanging ManA hanging man is a type of bearish reversal pattern, made up of just one candle, found in an uptrend of price charts of financial assets. It has a long lower wick and a short body at the top of the candlestick with little or no upper wick. In order for a candle to be a valid hanging man most traders say the lower wick must be two times greater than the size of the body portion of the candle, and the body of the candle must be at the upper end of the trading range. Along with a hanging man, SPX has a bearish divergence between price and the PPO indicator(orange arrows) with price making new highs while the PPO moves lower. SPX failed to move lower last week as expected on coronavirus fears, was looking for a -5% decline and only saw -2% before price ripped higher. I still feel that the full effects of the coronavirus have yet to be priced in to markets, and that traders are underestimating the chain reaction that can occur globally with the production slowdown in China. If traders are expecting the Federal Reserve to save the day with lower rates and more liquidity injections I think they'll have to give the Fed a reason to do so i.e. start panicking and send equities lower. I'm still expecting a decent pullback of -5% or more so the short-term view remains bearish, especially now that this novel coronavirus has upped its game and passed SARS in deaths. Coronavirus just did in 29 days what it took SARS 9 months to do.
SP:SPXShort
by PrepForProfit
1
trend may have been reversedLooking on the daily chart I can see a nice dubbel bottom. The 2 red arrows are pointing to the two specific candles I really like to see when the chart is making a dubble bottom. Also the rsi indicator has given a overbought signal on the first touch of this bottom. Price moved up pretty strong and for me this looks like a trend reversal. on the left side of the chart you can see a large sellers wick and friday the price has tested this area again. In the strong upwards move from the beginning of september price has broken this area pretty easy and now it looks like a strong support because of the rejection on this level. The candle from last friday will be my oppertunity to trade. I realy like this hanging man candle. As always my entry wil be a little bit above de buyers wick and stoploss will be a little bit below the seller wick. my first take profit point is a erea to take a look at. It could go even higher to recent high or maybe price will create a new high but I think the upper green line is a strong resistance level entry point = 132.116 stop loss = 131.237 first take profit = 134.373
Long
by Jkerssies
AUDUSD - Hanging Man / 2 Bar engulfing on Supply Level - SELLHi traders, I found a supply level that was hit last week. The price was in a little consolidation. I waited for a confirmation (candle formation) before entering the trade. The confirmation was a 2 bar engulfing pattern / Hanging Man pattern on the D1 Chart. This post is a little late, as I forgot to upload the idea after I entered the trade. You can use it as a supply and demand theorie. Always remember to trade with proper money management. I recommend a maximum risk of 2%.
Short
by Sturlison_98
Risk/Reward Name Of The Game In Boeing NowBA Weekly candle printed a hanging man at current channel resistance. This allows for short entry right now with an extremely tight stop loss of 369.5, only 1.5% loss. Minimum profit target would be 320 area around the 125 moving average, so just over 12% gain minimum. That computes to around 8:1 in favor of reward in this scenario. I like options in this case specifically, and I look for this move to happen quickly, before Sept 13th. Pretty self explanatory really. Happy hunting and GLTA!!
NYSE:BAShort
by UnknownUnicorn1314136
3
forexTrdr AUDUSD- KANGAROO GOES UP BUT MUST COME DOWNMorning traders, After a positive surprise for the market on Australian elections as Conservatives keep power via coalition and the polling companies have yet another shocker after predicting in the last 50 polls that Labour would come to power. This mild positive and the oversold nature of AUD led to a large short squeeze with AUD trading up 70 pips from Fridays lows. We are looking to sell this short squeeze and look for a move back down to mid 68 area. This is confirmed by the formation of a hanging man on the candles, the oversold nature of Stochatics and failure to trade and hold above 50 (bullish) on RSI. As always we try to keep our analysis clean and easy for anyone to be able to follow but should you want to learn more then please do get in touch. Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Metatrader and most broker platforms. Good luck trading from the Team at forexTrdr find us on instagram, twitter and Alexa flash briefings
Short
by forexTrdr