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- Richii 6-

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🔔 Hanging Man Pattern: Could it be a possible sign of exhaustion of the uptrend?

📘 Trading from Scratch – Day 13/90
🔔 Hanging Man Pattern: Could it be a possible sign of exhaustion of the uptrend?
In the previous lesson, we learned the Hammer Pattern, a candle that can appear after a downtrend and suggest a possible price recovery.
Today we’ll learn the Hanging Man Pattern. Although its appearance is very similar to the Hammer, its meaning changes completely because it appears in a different context.

ETH-1.49%

- Richii 6-

·

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📘 Trading from Scratch – Day 13/90

🔔 What is the Hanging Man Pattern?

The Hanging Man is a Japanese candlestick that usually appears after an uptrend.

It has a small body and a long lower wick. It can indicate that buyers are losing strength, although it’s always recommended to wait for confirmation before making a decision.

Remember: market context is as important as the candlestick shape.

#Trading #BinanceSquare #HangingMan #Candlestick #TradingEducation

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🔔 Hanging Man Pattern: Could it be a possible sign of exhaustion of the uptrend?

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