Hanging Man
A hammer's shape at the top of a rally — the first crack: heavy selling appeared, even if the close recovered.
Single-Candle SignalsIntermediate 5 min read· Lesson 3 of 10 in Candlestick Patterns
Psychology
During an advance, a session showed a deep sell-off before recovering. Bulls saved the close, but the SIZE of that intrabar selling is new information: supply has arrived at these prices.
Recognition
Same anatomy as the hammer (long lower wick ≥2× body, small body near the top) but after an UPTREND. Red body slightly more bearish.
Confirmation
Strictly requires bearish confirmation — a following close below the hanging man's body/low. Unconfirmed, it fails often (the trend usually just continues).
Reliability
Weak alone; among the least reliable unconfirmed patterns. Confirmed at resistance after a steep run, it earns attention as an exit/tightening signal more than a fresh short.
Scanner integration
This exact pattern is the HANGING_MAN named condition here — the chart above marks every real occurrence on the symbol's history (hover a dot to verify), and one click opens it in the Scanner or the Backtest panel to test it on any symbol yourself. That last step is the honest part most books skip.