Candlestick chart have many patterns.So today we will learn about Pin bar .(see below image)
If you See above image , you will get the idea why we call this shape/pattern Pin bar , because of long tail & short head.
Pin bar have two types Bullish and Bearish.
1. Bullish :- Long tail of bar at lower side & head on upper side.
2. Bearish :- Long tail of bar on upper side & head on lower side
This bar have higher possibility of success and also cover the high risk reward.
Look at below charts,
chart 1
We can use both the patterns in trade / investment successfully.
Live example of Pin Bar posted below . You can also track live
Benefit of Pin Bar :
Regards
If you See above image , you will get the idea why we call this shape/pattern Pin bar , because of long tail & short head.
Pin bar have two types Bullish and Bearish.
1. Bullish :- Long tail of bar at lower side & head on upper side.
2. Bearish :- Long tail of bar on upper side & head on lower side
This bar have higher possibility of success and also cover the high risk reward.
Look at below charts,
- Bullish Pin Bar Chart
- Bearish Pin Bar Charts
chart 1
Chart 2
We can use both the patterns in trade / investment successfully.
Live example of Pin Bar posted below . You can also track live
Weekly Chart of RAYMOND .
Bearish Pin Bar
Benefit of Pin Bar :
- It is very simple to understand.
- No complicated indicators.
- Easy to recognize structure.
Regards
Wonderful learning and great example. thanks for posting ji.
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