> For the complete documentation index, see [llms.txt](https://docs.yummyprofit.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.yummyprofit.com/indicator-and-strategy/price-action/hammer-and-hanging-man.md).

# Hammer & Hanging Man

![](https://2651920125-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MeQWmYuJKno3prddyaS%2F-MiGVFnHTZF8f3fdkhwr%2F-MiGe9x6CKbduaN6BKFb%2Fimage.png?alt=media\&token=1d270f02-43a6-4669-8aee-f92b0cf3a0ed)

![](https://2651920125-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MeQWmYuJKno3prddyaS%2F-MiGVFnHTZF8f3fdkhwr%2F-MiGb1JQQMKXrAoLltH3%2Fimage.png?alt=media\&token=7981e7d3-8d6b-496e-8ea2-d43be62654bc)

**Hammer & Hanging Man candlestick identification:**

* Small candle body
* The upper shadow is very small or absent
* Long lower shadow

**Hammer candle meaning:**

* The Hammer candlestick shows that the bears initially dominated when they fell sharply from the open, but later the bulls regained the upper hand when pushing the price up, creating a shadow below the long candle.

{% hint style="info" %}
If the Hammer candlestick appears in a downtrend, it is most likely a forecast for a bullish reversal.
{% endhint %}

**Hanging Man meaning:**

{% hint style="info" %}
If the Hanging Man candlestick appears in a uptrend, it is most likely a forecast for a bearish reversal.
{% endhint %}

![](https://2651920125-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MeQWmYuJKno3prddyaS%2F-MiGVFnHTZF8f3fdkhwr%2F-MiGfjkZWFQvJK2bNZbG%2Fimage.png?alt=media\&token=edc08da2-683c-4b76-ba02-535185868126)

[**Follow the Price Action tradingview script**](https://www.tradingview.com/script/8YtZBTjZ-Multi-Price-Action-Candlestick-Patterns-Horizontals-R-S/)
