• A very little or no “upper shadow,” which in candlestick chart parlance in this case means the close (8,260.93 on Monday) is very close to or at the intraday high (8,262.36).
• A relatively small body, meaning the opening (8,254.31) and closing prices are relatively close together.
• A relatively long lower shadow, meaning there is a big spread between the intraday low (8,181.67) and opening price.
• A lower close the following session (Tuesday), ideally below the body of the hanging man. The Dow transports slumped 2.2% on Tuesday to 8,077.74, to complete the bearish pattern.
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