TECHNICAL ANALYSIS FOR BEGINNERS PART(6)

HANGING MAN CANDLESTICK PATTERN;

It's a bearish candlestick pattern that's found at the top of an uptrend.

It has a small body and a long lower wick, and the body is usually at the top of the candle.

The long lower wick shows that sellers tried to push the price down, but the buyers managed to bring it back up.

This is a warning sign that the bulls may be losing momentum, and a reversal could be coming.