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Pin-Bar candlestick

Pin-bar pattern. Pin-bar is a candle with a small body and a long spike or wick directed upwards or downwards depending on a direction of the market. For those who follow candlesticks analysis, this pattern is a strong signal of a future trend reversal. If the wick of a pin-bar points up the price is predicted to go down. If the wick of  a pin-bar points down the price the price is predicted to go up.

Traders consider an ideal reversed pin-bar — a candlestick with two comparable obligatory criteria. Pin-bars’ open and close levels are placed next to one of the previous bars’ ends near either the top or the bottom. Pin-bars’ open and close levels are placed within the previous bar known as the left eye. In this case most traders consider pin-bar to be a powerful signal for purchase of the option.

We wish you successful trading with IQ option.

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