Hanging man such a pattern, consider initiating a short trade near the close of the down day following the hanging man.
A more aggressive strategy is to take a trade near the closing price of the hanging man or near the open of the next candle.
Place a stop-loss order above the high of the hanging man candle.
A more aggressive strategy is to take a trade near the closing price of the hanging man or near the open of the next candle.
Place a stop-loss order above the high of the hanging man candle.