Aug 21, 2024
Published on: November 21, 2022 Hammer or Hanging man are a single candlestick pattern with no or a very little upper shadow. The pattern lo
Mastering the Hammer & Hanging Man Patterns: Key Insights for Accurate Market Predictions
The Hammer & Hanging Man patterns are candlestick formations indicating potential reversals. The Hammer, with a small body and long lower shadow, signals a bullish reversal after a downtrend. The Hanging Man, similar in shape but appearing after an uptrend, suggests a bearish turn.