Demand and Supply - Basics - Pin Bar
Basics of candlestick useful in demand & supply.
Pin Bar -
A pin bar pattern consists of one price bar or a candlestick price bar.
In a bullish pin bar reversal setup, the pin bar's tail points down because it shows rejection of lower prices or a level of support.
In a Bearish pin bar reversal setup, the pin bar's tail points up because it shows rejection of higher prices or a level of resistance
Call it hanging man, hammer depending on the location where its formed and follow-up it gets.