TECHNICAL ANALYSIS FOR BEGINNERS PART (5)
The Pin Bar Pattern:
A "pin bar" is another type of candlestick pattern, and it's also known as a "pinocchio bar" or a "wick reject."
It's similar to a hammer candlestick, but the difference is that a pin bar doesn't have to occur after a downtrend.
The key feature of a pin bar is the long wick, which shows that the price moved in one direction but then reversed.
Pin bars can be either bullish or bearish, depending on which direction the price moved before the reversal.
#BTC #etf #JUP
The Pin Bar Pattern:
A "pin bar" is another type of candlestick pattern, and it's also known as a "pinocchio bar" or a "wick reject."
It's similar to a hammer candlestick, but the difference is that a pin bar doesn't have to occur after a downtrend.
The key feature of a pin bar is the long wick, which shows that the price moved in one direction but then reversed.
Pin bars can be either bullish or bearish, depending on which direction the price moved before the reversal.
#BTC #etf #JUP
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