The Hanging Man is a bearish reversal candlestick pattern that signals a potential reversal of an uptrend. It consists of a single candle with the following characteristics:

* Small body : The real body is near the top of the candle, with a long lower shadow.
* Position : The pattern appears after an uptrend and suggests that the buyers are losing control, with the sellers starting to take over.

The long lower shadow indicates that the price was pushed lower during the session but closed near the opening price, showing that the sellers were unable to maintain control.

How Traders Use It:
* Entry Point : Sell when the price closes below the low of the Hanging Man candle.
* Stop-Loss : Place it above the high of the Hanging Man candle to limit risk.
* Target Price : Use previous support levels or other technical indicators to estimate the target.

The Hanging Man is a warning signal for potential bearish reversals after an uptrend.