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 :-/