What is a pin bar candle?

Pin Bar is a candle shaped like a pin with an outstanding long shadow and small body. What is Pin Bar candlestick? – Tail (aka wick or shadow): The Pin Bar is a candle with a long upper or lower tail. That is the highlight of a Pin Bar that shows a strong rejection of prices.

What is a pin bar candlestick reversal pattern?

Yes, of course I’m talking about pin bars (or hammer candlesticks as they’re often called). The pin bar candlestick reversal pattern can be found forming all over your charts. They appear frequently, and are one of the most popular price action patterns traders watch out for in the market, mainly due to how simple they are to identify and trade.

What is a pin bar?

The pin bar is a single candlestick pattern having a long wick and a small body that helps traders find entry and exit levels. Interestingly, the pin bar is short for Pinocchio Bar. Martin J. Pring, an expert technical analyst, was the first to name the pattern pin bar.

How do you know if a pin bar candle is bearish?

As mentioned earlier, the pin bar has a small body with a long upper or lower wick. In its bearish version, the pattern becomes valid when the pin bar candlestick appears between the bullish and the bearish candles, meaning the first candle is bullish, the middle candle is the pin bar candle, and the last candle is bearish.