What is a Pin Bar? Evest: Stock Market Investing

 

The pin bar is a type of candlestick pattern, indicating a possible price trend reversal. A pin bar is a candle with a long wick/tail and a small body. A small body shows us the opening price was close to the closing price. A long wick above the body at resistance indicates a bearish reversal While a long wick below the body at support indicates a bullish reversal. When entering a trade, place your stop loss order just above or below the longer candlewick of the pattern. For more candlestick pattern trading strategies, visit our academy section at eves Evest – Numbers Rule 0:00:00,0:00:02 What is a Pin Bar? 0:00:02,0:00:10 The pin bar is a type of candlestick pattern, indicating a possible price trend reversal. 0:00:10,0:00:16 A pin bar is a candle with a long wick/tail and a small body. 0:00:16,0:00:22

 

A small body shows us the opening price was close to the closing price. 0:00:22,0:00:29 A long wick above the body at resistance indicates a bearish reversal 0:00:29,0:00:36 While a long wick below the body at support indicates a bullish reversal. 0:00:36,0:00:47 When entering a trade, place your stop loss order just above or below the longer candlewick of the pattern. 0:00:47,0:00:55 For more candlestick pattern trading strategies, visit our academy section at evest.com 0:00:55,0:00:59 Evest – Numbers Rule