Anbat

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.
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