• Candlestick-Pattern

    Mastering the Pin Bar Pattern:How to Trade the Pin Bar Candlestick Pattern Like a Pro

    Pin bar candlestick is one of the most famous candlestick it is widely used by price action traders to determine reversal points in the market . What is a Pin Bar Candlestick? A Pin Bar (Pinocchio Bar) is a powerful single-candle candlestick pattern that signals price rejection and a potential reversal in the market. It has: How to Identify pin bar Signals A Pin Bar candlestick is a powerful chart pattern in technical analysis. It is identified by a very long tail (or wick) that signals market rejection and indicates a possible reversal in price direction. A Bullish Pin Bar usually has a long lower wick, showing strong rejection of…

  • Market Structure

    Doji Candlestick

    When doji candlestick forms, it indicates that the market opens and closes at the same price. This means there is equality and indecision between buyers and sellers, with no one controlling the market. See the example below. this signal means that the market didn’t decide which direction will take. When this pattern occurs in an uptrend or a downtrend, it indicates that the market is likely to reverse. Interpretation: Reversal Strong: After long uptrend and downtrend Example : Doji Example at Resisitence The chart above shows how the market changed direction after the formation of the Doji candlestick.The market was trending up, that means that buyers were in control of…