September 2 (Mon): [Bollinger Bands] Nikkei 225 VS Russell 2000 (Free lecture: Hanging Man)
Good evening.
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With the monthly candle confirming and a notable reversal candle appearing, here is a brief explanation.
That is…“Hanging Man”
Have you heard of it?
As a famous reversal candle“Pin Bar (Pin-bar・Hammer・Kalash))”
There is a candle similar to the opposite of that.
To be honest, you don’t need to memorize the name.
Hammer・Caca・Pin Bar・Hammer・Inverted Hammer…
There are various terms in Japanese and English, and the name can change depending on whether it appears in the high or low price range.
In any case, when sucha small body and long wick candlestick appears, then
“there is a possibility of a reversal”
and look at it that way.
However, as I always say, it does not “always” reverse.
It is only a “possibility.”
If you watch charts for many years, you’ll start to notice such candles when they appear.
Then please remember.
“There is a possibility of reversal”
and.
This time,
I will compare with the Russell 2000, known as the Canary in a coal mine, leading the downtrend
in a bear market.
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