 Welcome back with us folks tonight. We are looking at a doji pattern called the hanging man hanging man is a reversal pattern that we want to spot and The idea is to see it before Well to anticipate the reversal before it happens by looking at the chart and hanging man pretty much looks like this It's a small buddy with a long wick And this is what the candles it looks like the idea is the shadow or the wick must be at least twice as big as The body itself. This is what Some people say but the idea is behind behind the whole thing is this Are we looking at something that is a small body? It could be this Right the idea is hanging man has to be at the top of a rise When a ticker is moving to the upside and this is somewhere at when this this happens at the end of a day Then what we need to be sure is on the following day What's going to happen if the following day is Moving lower Well, we can be pretty pretty sure that this is a Reversal sign and it's going to continue However, if the following day is green Let's say you have this and the next day you have a green Candle or it's still moving to the upside. Well, basically what you have is and Validated the hanging man Now the idea behind all this is to be able to spot it and to know what happens So let's take the whole thing to a real chart and see together if we can Now this is a real chart. This is fuel cell. This is exactly after We had the election in 2020 Look at what happened. We are looking at a rise So one thing that we're looking for is something on a rise. So we're looking at doji's here. They all look Different, but eventually we get to this guy here that looks exactly what we're thinking and this could be a reversal doji we look at the fall the next day and Yes We are Showing that this could be the beginning of a downtrend and fair enough on the following day We are dropping down further Is this going to be a long run? We never know but it's showing you that it's profit-taking It's a chain of a trend now. Let's keep this Moving. Let's let's move on to a little further to see what what could happen we're looking at Doji's we're still on the upside here and oh Here is one following day. We're not Bearish, you know, it's kind of flat So it's still moving to the upside so it gets invalidated here same thing the following day So let's keep on moving and look to to find these guys that we want to We want to make sure we have a good doji. Oh, here's one Right it's moving up and here is a Hanging man what happens on the following day. Oh, yes, we're moving lower Remember, it's not because that it's red that it's moving lower because it could have been red here You know a big gap up and then it's just a bit profit-taking. So we are confirming that we're moving down because we are confirming the Trend change and yes after that we saw that we're moving to the downside Now let's keep moving Just showing you how to spot these hanging man Oh Here's one the hanging man Top here Then the next day is red and it's confirming the downtrend afterwards Be careful. This is same same thing, right? It's a doji that looks like this at the top. We're looking for a hanging man At the bottom in this particular case, it's called a hammer It's a reversal one But the top one is called the hanging man and the bottom one is called the hammer Let's move on. I want to show you a few things and things to be careful about now We are continuing You know, we have this downtrend is continuing non-stop I what we are looking for is upside and Hangman on the upside now. This is a good spot We are moving to the upside. We are looking at the chart here. We are seeing a hanging man Okay, so the next day what happens? We still have another hanging man So what the chart is telling you if you looked at the chart intraday is this it started on the first one Right compared to this guy here, right? What happened is we gapped up because we opened super high We gapped up we close the gap on the way down and then Close the day a little higher than the then the open so this is why we're getting this kind of doji here the next day we did Something a little difference that different we opened up higher Right, and then we saw a little dip very close to the dip of previous day and Closed lower We're still within range right, so There is a bottom on that that that one there gapped up we could see here if the next day was down we could see a Hanging man saying that yes, we're going on the on the turn change of People buyers changing their mind and it's starting to On a downturn, but no it gets invalidated on the next day and then the third the third day is the opposite. I mean it Most of the volume was there we get the wick That could be some people call it shooting star It could be a reversal as well, but it needs the next day to confirm the pattern Right, and the next day what you see is this big long with huge volume a Green day, so remember All these patterns are good But you need to know what's happening the next day in order to make sure they get they don't get invalidated by the A green candle or something, but what you need to look for is something that looks like this and Get the confirmation on the following day, so I guess you guys Know what to look for and I hope you have learned a few things and Let me know your comments, and I'm super happy to have you with us. Thanks folks