The important of Pin bar/the Candle With a Long Wick

3 juil. 2018

The important of Pin bar/the candle with a long wick

If you are wondering, on which candle or bar has the best degree of accuracy, I'd vouch for the pin bar/the candle with a long wick.

Example, If we long pin candle/bar in D1 timeframe, that means, we had a very strong/tough tug of war going on between the bulls and bear forces during the day and someone has come out as a win.
It is the signs of unbalancedness in the market and the traders only made money when the markets have become imbalanced. The longer the pin the stronger, the trend will be.
During the day, if we have a candle with the long wick/tail at the lower level, it shows that bull has come in "at the low" and push up the price up.
See (Tweezer Bottomings are spotted) in the chart.

So, pay extra attention to a potentially profitable trade whenever a long pinbar appears.



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