The hangman pattern is a bearish reversal pattern, and its **meaning is most relevant after an uptrend. When it appears after a downtrend or short-term decline, it's not technically a hangman, its a hammer .
Interpretation: Bullish undertone, because:The market rejected lower prices strongly (long lower wick). The price still managed to close higher than the previous day, even if it closed under the open.
Monday will be interesting to see if there is continuation or that lower low i was expecting around 22.5. But is nearly hit that today so may see a rocket soon.
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