Bearish Pinbar Example

NYMEX:CL1!   Light Crude Oil Futures
Please look at yellow OVAL area on chart... it is a three period area (on chart is a 4 hour candlestick , so three candlesticks ).

Things to always look at on charts:
1) LOOK left (resistance) is a $62.50 or yellow square area
2) Is bearish pin bar candlestick pattern made at this $62.50 resistance area? Yes
3) Look at Bollinger Band (on chart) is price action at top (over bought) or resistance area? Yes
4) Also, go with market, not against it. Big institutions will run you over if you do this.
5) Keep your charts indicator free, as possible. I keep BB indicator & two EMA's 50 & 100 on my charts.

6) Look at you tube videos and read about candlesticks , if you completely understand, then it will give you a solid foundation to trade from.

Good luck and will do other examples of REVERSAL candlestick patterns, for your knowledge.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out