Yes this is called Hanging Man , i agree with @SwingMaster Explanation, also note this particular HM is not so important because yesterday we experienced heavy data issue with NSE where total trade per day was equal to only 17 % of regular day trades , but many misinterpret it and go short , although its gone bearish today , but one can understand all the factors accounting for decision on trend and price action
Do not take it offensive as i am expressing my personal view ,
Regards
KunalJadhav
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@shiv2798, Not offended please keep giving your valuable feedback so that I can learn more... Thank you..
SwingMaster
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Its called hanging man not hammer . Also, these can be ignored when comes randomly , may not indicate trend reversal..
Do not take it offensive as i am expressing my personal view ,
Regards