The Hanging Man is a single-candle bearish reversal pattern that looks identical to the Hammer but appears at the top of an uptrend rather than at the bottom. It is characterised by a small real body near the top of the candle, a long lower wick that is at least twice the length of the body, and little or no upper wick. The long lower wick reveals that sellers pushed the price significantly lower during the session before buyers managed to recover it near the open—a sign of growing bearish pressure beneath the surface. The bearish implication is confirmed only when the following session closes decisively below the Hanging Man's body, signalling that sellers have taken control and the uptrend may be reversing.
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