with any single candlestick, confirmation is required. The Hanging Man formation shows the price goes much lower than the open then closes near the opening price. This could mean that many longs have positions that they are attempting to sell. Ideally, a black real body Hanging Man with a lower open the following day could be a bearish signal for the days ahead.
So apparently this MAY be bearish BUT on must await confirmation to c waht it does ??
Hmmm wddaya reckon ? (apologies to long term huddlers)
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