That is 'the Hanging Person' Information:
2019 - Posting of the person
Posting of the person, Information - 2019
Destruction of 'the hanging person' Information:
The hanging person represents big sale at a discount at the beginning of operational day which sends price immersion before buyers put forward the price to about the introduction price somewhere back. Investors often read the hanging person as a sign that bulls start losing control and that the asset can enter business recession soon.
The hanging person also to be part of continuation of an optimistical tendency. In this case the hanging person tells story of a large number of the bears who are knocking down them reserved too early and the short sellers choosing the wrong time to the short.
The daily charts popular among day dealers, show to bigger number of the hanging men, than daily charts. Day dealers pay more attention to the hanging men, than other investors.
The ideal hanging-down form of the person
The ideal hanging-down person has a small body, the minimum top match and lower match, at least, is twice longer, than a body. The hanging person can be a black or white candlestick. Color can mention as some investors interpret them, but it is the least considerable element of the hanging person.
More categorical, than color of the relation of candlesticks to the previous candlesticks. Actually, distinction between the hanging person and a hammer consists completely in his relations to the previous candlesticks. While the hanging person sits at the end of a tendency to increase and usually shows cancellation to the market with a tendency on decrease, the hammer sits at the end of business recession and usually shows cancellation to the market with a tendency on increase.
When the hanging person warns about bear cancellation
The hanging person designates change in sense of the market which will lead to business recession when it is preceded by several white candlesticks, everyone the black candlestick which is going down to closing a body, or even lower match, the hanging person closed with increase, than the last, and accompanied more possibly. Aggressive, or uneasy, dealers can not look for as many confirmations before to liquidate their provisions or to go short after the hanging person, exchanging confidence for chance in bigger profit or smaller losses.
Than trade volume more long lower match concerning a body, especially the bear hanging person is higher.
Anyway the hanging person represents short-term recession in the price more often. They appear less often before long-term business recessions. Therefore, they are more interesting to day dealers, than to long-term investors.
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