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Type: HANGING MAN #Bearish
Uptrend: The hanging man candlestick pattern is typically found in an uptrend,
Small Real Body: The hanging man has a small real body, which means the open and close prices are close to each other.
Long Lower Shadow: The hanging man pattern is characterized by a long lower shadow, also known as the tail or the wick.
Little or No Upper Shadow: The upper shadow, if present, is usually small or nonexistent.
Previous Trend: The hanging man candlestick should appear after a sustained upward price movement or uptrend.
Confirmation: While the hanging man pattern itself is a bearish signal, it's important to wait for confirmation in the subsequent price action.
Volume: While not a strict rule, it's beneficial to consider volume during the formation of the hanging man candle.