Hello, my friend, and welcome to this tutorial on Pin Bars – Japanese Candlesticks Pattern, Part 1. In this post, we will continue to discuss Pin Bars and what you need to know about the meaning of Japanese candlesticks today whether you’re a beginner or an expert. Enjoy!

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Pin Bars – Japanese Candlesticks Pattern, Part 2 – Video

Hello, it’s Barry Burns back for part 2 of our series on Japanese Candlestick Patterns. Today, we’re continuing our exploration of pin bars. If you missed part 1, check the link in the description below.

Now, let’s delve into why pin bars may not always work as expected. First off, it’s crucial to understand that candlesticks, while not indicators, provide short-term insights into the balance of supply and demand during a specific time-period. They do not predict long-term trends.

Things to Consider When Using Pin Bars – Japanese Candlestick Patterns

To illustrate this, let’s consider a bullish pin bar. While it may indicate a rejection of lower prices during a given period, it doesn’t necessarily translate into a long-term upward trend. Candlesticks, in isolation, don’t establish trends; they’re merely snapshots of market dynamics.

So, what’s the solution? Before utilizing a candlestick pattern like a pin bar, it’s essential to determine the prevailing trend objectively. Establishing the trend requires a systematic and mathematical approach. Candlestick Patterns gain significance when considered within the context of an existing trend.

Using Pin Bars the Right Way!

Here’s the key: Only trade bullish candlestick patterns in an early-stage uptrend and bearish candlestick patterns in an early-stage downtrend. Timing is crucial. Entering a trend early enhances the probability of success.

Stay tuned for part 3, where we’ll reveal the secret sauce and explore how to trade against the trend. In the meantime, feel free to share this video, and leave a like if you find these insights helpful

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