(Left chart, Daily): Sept. 3rd Daily pin bar demonstrates strong rejection of lower value.
(Right chart, Hourly): The most significant pin bar formations are always accompanied by a break of the lower Bollinger band . This break is shown on the one hour timeframe.
Additionally, the 1 hour chart shows significant bullish divergences between price action and the stochastic indicator; another signal that price reversal is coming.
(Right chart, Hourly): The most significant pin bar formations are always accompanied by a break of the lower Bollinger band . This break is shown on the one hour timeframe.
Additionally, the 1 hour chart shows significant bullish divergences between price action and the stochastic indicator; another signal that price reversal is coming.