The Hanging Man candlestick pattern is a bearish reversal pattern found in an uptrend. Do not confuse a Bearish Hanging Man with a Bullish Hammer.

Hanging Man

If a hanging man forms at a resistance level, you should take notice of that level.

The Wikipedia description of Hanging Man below, while not being for traders, does explain how this candlestick was named which will help you memorize that this candlestick is bearish (i.e. its like Judas betraying Jesus but instead this candlestick is a betrayal of Bulls that had held the uptrend).

<< Back to Glossary Index