medium · Volume Price Analysis
A candle is described as a 'Hanging Man' with volume 2.0x the average.
Where must this candle be located to be considered a sign of weakness?
- At the top of a bullish trend, signaling that selling pressure has appeared for the first time.
- At the bottom of a price waterfall, signaling stopping volume.
- Within a congestion zone, signaling a 'No Supply' bar.
- Only during a news event, where it signals stop-hunting by insiders.
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