• Deepak

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.




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