daxtrader54

What's your definition of a pin bar?

FX:GER30   DAX Index
dax
I understood (without googling it) that a pin bar was a potential reversal candle, with a long wick appearing at the end of a trending move, often at either support or resistance. A bearish candle would have made a higher high, but opened and closed inside the previous candle. Well, we seem to have most of those features here. Do we have a pullback, probably not... it's the Dax :-/

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.