What is a pin bar candlestick?
The pin bar candlestick is one of the forms of Japanese candlesticks. When this candle appears, it gives a price movement signal.
Moreover, This candlestick is used mainly to determine the move of the price direction.
Furthermore, The accuracy of the candle is good. This candle is used in the chart to supplement your analysis with a technical analysis tool.
- The shape of the tail is long if we compare it to its body.
- The body of the candle is very small.
- The tail of the candle will be great if we compare it to the candles that it accepted.
- The shape of the candle is long and down and the candle body is on top.
One of the candlestick patterns:
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