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Rick

Hanging Man

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Hanging Man

Hanging Man is a potentially bearish pattern which occurs during an uptrend. It is named because it looks like a hanging man with dangling legs.

Recognition Criteria:

* A long lower shadow which is about two to three times of the real body.

* Little or no upper shadow.

* The real body is at the upper end of the trading range.

* The color of the body is not important, though a black body is more bearish than a white body.

(Confirmation is suggested.)

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