Sentences with phrase «man bearish reversal pattern»
Yesterday's weak close confirmed a hanging man bearish reversal pattern and bearish price RSI divergence.
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This typically comes in the form of either a bearish reversal bar (such as a bearish engulfing or hanging man candlestick pattern) or sharp opening gap down, which signals the short - term bounce is losing steam.
The hanging man is a bearish reversal pattern that can also mark a top or strong resistance level.