Nifty Forms A Hanging man candlestick pattern!!
Updated
Hanging Man Bearish Candlestick!!!
The higher the trading volume and the longer the lower wick relative to the body, the more bearish the hanging man.
When the high and the open are the same, a bearish Hanging Man candlestick is formed and it is considered a stronger bearish sign than when the high and close are the same, forming a bullish Hanging Man (the bullish Hanging Man is still bearish, just less so because the day closed with gains).
Game over for the bulls? lets wait and watch tommorow.
The higher the trading volume and the longer the lower wick relative to the body, the more bearish the hanging man.
When the high and the open are the same, a bearish Hanging Man candlestick is formed and it is considered a stronger bearish sign than when the high and close are the same, forming a bullish Hanging Man (the bullish Hanging Man is still bearish, just less so because the day closed with gains).
Game over for the bulls? lets wait and watch tommorow.
Note
NIfty shed -37.75 points in today's trade. The bearish cycle will most likely continue further for a few more trading sessions.Trade active
Note
Nifty Shed another -39.80 Points in today's trade. The downfall will most likely continue to Monday.
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