Within a bearish pin bar reversal setup, the pin bar’s tail points up as it reveals rejection of bigger costs or perhaps a amount of resistance. This set up fairly often leads to a fall in price.
Kolawole Oyeniran July 21, 2018 at 10:40 pm Nial Fuller, you are excellent, better than George Soros,more powerful than jesse Livermore heavier than Ed seykota , that you are the price action Emeritus of our time. I examine your report on pin bar method and the second working day i noticed the pin bar on day-to-day chart ,it came in type of Hammer confluent with support stage on the down development 20/07/2018 Gbpusd Every day ,it moves for sraight twelve hrs easily , no pull again from 9am nigerian time , european session till 8pm nigerian time , The big apple session , two several hours just before The big apple shut. the pin bar was very effective, i didn’t know the inportance right until i read through your post. Thank s.
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how can a single location the direction from the 3rd candlestick because it will often variety after the pin bar?