Sentences with phrase «pinbars formed»
Not exact matches
Dear Justin, Kudos for your very informative article, A question about the settlement period, Lets say a bullish pinbar has been formed on the daily chart at a Key Level and the last four (4 - hour) session or Candle indicates some signs of bearishness..
https://dailypriceaction.com/
Even if the daily TF has formed a bearish pinbar, the 2 hour TF is in a down trend but the bullish engulfing candle shows a reversion to the mean.
The reason I ask is such signals (pinbars) do not always form, yet your trend line might suggest to you the area where your price should turn.