binary options
promotions

Share
Go down
gandra
gandra
Global Moderator
Number of messages : 3612
Points : 8843
Date of Entry : 2013-01-13
Year : 49
Residence Country : Serbia
https://www.mql5.com/en/users/drgandrahttps://www.fxjunction.com/profile/gandra/account/I

ma1 Hanging Man

on Mon Mar 30, 2015 2:43 pm
[You must be registered and logged in to see this image.]
Hanging man -- an important top reversal. The hanging man and the hammer are both the same type of candlestick line (i.e., a small real body (white or black), with little or no upper shadow, at the top of the session's range and a very long lower shadow). But when this line appears during an uptrend,it becomes a bearish hanging man. It signals the market has become vulnerable, but there should be bearish confirmation the next session (i.e., a black candlestick session with a lower close or a weaker opening) to signal a top. In principle, the hanging man's lower shadow should be two or three times the height of the real body.
Back to top
Permissions in this forum:
You cannot reply to topics in this forum