The Way A Pin Bar Closes Does Matter

 MartialChartsFX 


  

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PublishedJul 2, 2023, 10:11 PM EDT

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The Way A Pin Bar Closes Does Matter



Some pin bars are better than others, so traders should be very discriminating on which pin bars they use for trading decisions.

While they all show rejection, Bullish pin bars that close bullish (green) perform better than Bullish pin bars that close bearish (red). Bearish pin bars that close bearish (red) perform slightly better than Bearish pin bars that close bullish (green).

The reason is that when a pin bar with a lower wick closes bullish, it is a lower time frame bullish engulfing pattern. Pin bars with upper wicks that close bearish are bearish engulfing patterns on a lower time frame.

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