Interpreting "Hammer" and "Hangman" Pattern in CandleStick

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·@mahmoudsardauna·
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Interpreting "Hammer" and "Hangman" Pattern in CandleStick
Hey @mahmoudSardauna here again, Hope that you are having an amazing day!

I use a candlestick pattern called the hanging man/ hammer to help me identify a bearish reversal on an uptrend. The hanging man and hammer patterns are trend reversal patterns hat consist of the same type of candlestick, which are called umbrella lines because of their shape. 

![Screenshot_2017-06-26-05-56-17.png](https://steemitimages.com/DQmTGyxg4nWoeoa1vZyuqEehryWV1dx1afuj9nasZmMYCeW/Screenshot_2017-06-26-05-56-17.png)

In other words, both the hanging man and the hammer pattern have the same shape, though the one is bearish while the other is relatively bullish.

What distinguishes the two is the nature of the trend that they appear in.

If the umbrella line appears in an uptrend then it is known as the hanging man pattern, and if it appears in a downtrend, then it is known as the
hammer pattern. 

Both are a single candlestick pattern in which the candlestick consists of a real body that is located at the top of the candlestick with little or no upper shadow and a relatively long lower
shadow, which should be at least twice the length of the real body. 

Note:
The colour of the hanging man or hammer candlestick is not important.

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