Hanging Man Candlestick Pattern There are reversal candles that help the trader to trade or even to enter and exit deals. Among these candles is the Hanging Man Candlestick, which was named so because the shape of the candle resembles a hanging man. I will put a picture for you that shows the shape of the candle. The Hanging Man Candlestick, as is clear in the attached figure, consists of a single candle in the form of a hanging man with a long tail. As for the body of the candle, it is small and has an effect at the end of the upward trend. This candle must be formed at a resistance area on the daily or four-hour frame in order for the model to be strong. We wait for a retest and then we can enter a sell deal. This model is one of the models that are repeated frequently on the (4) hour frames, and this is exactly what Bitcoin is witnessing in the short term. Edited today, Sunday, 08/25/2024, at 11:10 AM