AUTF: 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.
Hanging
Bearish hanging man in banknifty topBanknifty 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
MASSIVE HANGING MAN FORMING ON ETHEREUM - GO SHORTAfter 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 the harbinger of doom. Close longs, go short Ethereum.
ANABPossible 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 try to avoid getting faded after the open
Nasdaq is going to hang it selfCircled area is called hanging man. Sometimes it means that market is changing direction.
XAUUSD - Beware of the hanging ManNext 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 hanging man is inverted. It also typically occurs at support or resistance.
The hanging man doesn't mean the bulls have definitely lost control of a rally, therefore we don't use it as a sell signal. Instead we use it as an early warning sign that the rally may be coming to an end.
See below Gold daily chart of the hanging man: (Also note the three inside bars on the daily chart) See how to trade our Inside Bar Strategy
