pin

In this thread will post details of pin bar formation (abbreviation Pinocchio bar formation). The term coined by Martin Pring. The source of details is google, these are my notes on topics as I studied around, I am just a student of TA, not a master, so if anybody find anything wrong or...

Check each chart when the daily bar closes for a pin bar Make sure it is bouncing off of a major support and resistance level If the pin is pointing up against the resistance level we are looking to sell If the pin is pointing down against the support level we are looking to buy Set...