Hanging Man and Shooting Star
Hanging Man and Shooting Star candlestick signals reversal price movement. These candles characterized by short black body and long shadow. The longer the shadow means stronger reversal signal. However reversal signal from these candlestick is weak. So, you have to confirm the reversal with the following candle.
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Type: Reversal Characteristic: short black body and long shadow. Similar with Hammer and Inverted Hammer. The difference is at the color of body. In Hanging Man and Shooting Star, the body is black.
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