Hanging man
The same shape as a hammer, but it appears after a rise.
What it shows
A hanging man has a small body near the top, a long lower wick and little or no upper wick. The difference from a hammer is its location: it comes after a rise.
The shape shows that price fell sharply during the bar before recovering. Whether that matters depends on the next bars.
How we find it
The same code that draws it on your chart follows these steps, with the same result every time.
- Check price rose over the last 5 bars.
- Body in the upper third of the range.
- Lower wick ≥ 2× body.
- Upper wick very small.
Starting values: Lower wick ≥ 2× body; Prior rise 5 bars. These are proposed and will be tuned on real price data before launch.
How to read it
- The gold candle is the hanging man.
- Candles before it rise.
- The long lower wick shows a sharp dip during the bar.
Status labels you may see
| Label | What it means |
|---|---|
| Today | Rule met on the last bar. |
| Recently | Within the last 5 bars. |
| None | Not found. |
What cancels it
Nothing cancels it.
What traders check next
- The next bar's close.
- Volume.
- The size of the wick.
Limits
- Appears often in rising markets.
- Name implies a meaning that is not proven.
- Needs context.
Try it in forecastviz
- Open any ticker and choose Candlestick patterns → Hanging man in the left menu.
- Switch between 3M, 6M to see how the picture changes.
- Compare with Hammer and Shooting star on the same chart.
Questions
Is it a sell signal?
No. It is a shape.
Hammer or hanging man?
Same shape. Prior move decides the name.
Related trends
Further reading
- Nison, Japanese Candlestick Charting Techniques
- Bulkowski, Encyclopedia of Candlestick Charts
- Morris, Candlestick Charting Explained
Educational only. Not financial advice, and not a price forecast. Charts are drawn by code from past price data, which may be delayed.