A hanging man candle's opening, closing, and high price are almost the same and look like a hammer candle. The hanging man candle has a small body candle with no upper shadow and the lower side has a lower shadow of at least twice of the the body candle.
When the candle starts, the buyer wants to buy, the stock and the price move up, seller starts selling on the stocks due to this reason stock unable to move up, and the situation for the seller. When the seller wants to sell and the buyer starts buying and price is unable to move downside. In this way, the stock is trading at the same level and unable to move upside and downside. Finally, a candle
Picture this: The evening star candlestick pattern is the combination of 3 candles, 1st candle is a green candle and 2nd candle is a doji candle with a small size it may be green or red, and 3rd candle should be a red candle. When the market is in a downtrend, the Morning Star candle is formed at the lower level near the support zone or demand zone, and from there signals a bullish reversal.
A bearish engulfing candlestick pattern is a bearish reversal candlestick pattern which is a specific formation in candlestick charts that often signals a potential down trend. It consists of two candles (1st candle is Green and the second candle is Red) a smaller bullish green candle followed by a larger bearish red candle that completely covers or "engulfs" the previous body candle.
A shooting star candlestick pattern is a bearish reversal candlestick pattern, which is a specific type of candlestick formation that appears on trading charts. It looks like an inverted hammer candle, with a small body candle and a long upper shadow, but no lower shadow.
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