Click here to Login








Hanging Man

by Vivek A. Shah, 3385 days ago
Share |


Hanging Man is used for short term trading when applied to daily charts. Trader can take position accordingly on the particular trading days depending upon the formation of pattern. This will help you screen out stocks having Hanging Man formation.
Usually it is said that if the Hanging Man pattern is in up trend than probably uptrend is near to an end so those who are long can think of squaring up their positions & short term trader can also start taking short position on the stock.

There are three main characteristics that a pattern needs in order to qualify.

1. The real body is at the upper end of the trading range; the color
(white or black) is not important.
2. The lower part, or the "shadow," should be at least twice the length
of the real body.
3. It should have little or no upper shadow, like a shaved head candle.

After a long decline, if a Hanging Manr forms on higher or increased volume, this adds to the certainty that a capitulation high has occurred.
Hanging Man can be created both by a closing below the open, which would be assigned a negative change value, and
by a higher close than the open, which would be assigned a positive change value.




You have to log in to bookmark this object
What is this?




Type: Watch List

Object ID: 669


Country:
All

Market: All

Style:
Technical Analysis

Reviews
You must log in first

Join now
and get instant access for free to the trading software, the Sharing server and the Social network website.
Click here


Related objects

Empty

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object

Technical Analysis


Fundamental Analysis



Random Blog Posts

How to create market indicators using the composite function - Part 3

How to create market indicators using the composite function - Part 2

Create a Pivot Table that displays the Relative Strength Index - RSI

6 Stock Trading Items Related to the New York Stock Exchange - NYSE

Pivot Tables in QuantShare Trading Software

How to create market indicators using the composite function - Part 1

Optimize a trading strategy using the Sharpe ratio

How to create a trading indicator that uses stock news

Show All

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object






QuantShare
Product
QuantShare
Features
Create an account
Affiliate Program
Support
Contact Us
Trading Forum
How-to Lessons
Manual
Company
About Us
Privacy
Terms of Use

Copyright 2019 QuantShare.com
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Google+
Follow us on Google+
RSS Trading Items



Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.