japanese candlestick patterns (pin bar)
The pin bar:
It is candlestick pattern that consists of just one candle, it has a long lower wick and short body and little or no upper wick. Strictly speaking, the lower wick should be at least two times longer than the body, the longer, the better.
There are two types of pin bar, the bullish pin bar which is a reversal candle that occurs at the end of downtrend and reverse the trend. A bearish pin bar which is also a reversal candle that happens at the end of an uptrend and revers it
As you can see this chart, almost pin bar appear the trend will change reversal. This is one of the best in price action.
It is candlestick pattern that consists of just one candle, it has a long lower wick and short body and little or no upper wick. Strictly speaking, the lower wick should be at least two times longer than the body, the longer, the better.
There are two types of pin bar, the bullish pin bar which is a reversal candle that occurs at the end of downtrend and reverse the trend. A bearish pin bar which is also a reversal candle that happens at the end of an uptrend and revers it
As you can see this chart, almost pin bar appear the trend will change reversal. This is one of the best in price action.
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