Hanging Man

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Hanging Man candlesticks form when a security moves significantly lower after the open, but rallies to close well above the intracandle low. The resulting candlestick looks like a square lollipop with a long stick. If this candlestick forms during a decline, then it is called a Hammer.

Image:hanging-man.gif
"Do not confuse motion and progress. A rocking horse keeps moving but does not make any progress."
Alfred Montpert
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