Hanging Man
The “Hanging Man” is the name given to a candle that is identical in shape to the hammer, the difference is that while hammers occur in downtrends, the Hanging Man pattern occurs in uptrends. In this case, the wick extends down, contrary to the uptrend, and suggests the emergence of bearish demand capable of pushing the price down. It is often the first sign that the uptrend is exhausting, and bears are stepping in to create a reversal.
For the reversal signal to be confirmed, the consequent bearish bar should reach the “neckline” established by the open of the bullish bar on the other side of the hanging man.