Step by step
How to read it
- 1A level that matters.
- 2A long lower wick: price was pushed below it…
- 3…and closed near the top, with a small body.
- 4Rejection. The same candle in the middle of nowhere means little.
Watch out
Common mistake
Trading every long wick. Without a level behind it, a pin bar is just noise.
In one line
Definition
A candle with a long wick on one side and a small body: price was pushed beyond a level and rejected.
Check yourself
Check yourself
What makes a pin bar meaningful?