Look Who it Was Random video

🀄 Candlestick Patterns: Doji Candle, fake candles, pin trading, nose pin, candlepin, reversal candle

2,601 views · Published 2 October 2018 · 5:27 · Indexed 4 November 2026

Channel: BO Turbo Trader · 2018 · Education

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Indicators: 
EMA 3     (blue)
EMA 20   (yellow)
EMA 50   (orange)
EMA 100 (red)
EMA 200 (purple)

Bollinger Band Period 20 Deviation 2 (green)
Bollinger Band Period 20 Deviation 1 (white)

Pin Bar, which is short for 'Pinocchio Bar,' is a single candlestick setup that clues price action traders into potential reversals in the market. BULLISH HAMMER: This pattern occurs at the bottom of a trend or during a downtrend and it is called a Hammer since it is hammering out of a bottom. It is a single candlestick pattern that has a long lower shadow and a small body at or very near the top of its daily trading range. A false breakout is when price temporarily moves above or below a key support or resistance level, but then later retreats back to the same side as it started. This is the worst case scenario for a breakout trader that enters in a trade as soon as price breaks.

The candle burns up overly fast. Generally a fast burn is good, but an overly-fast burn (compared to other times you have used the same kind of candle or to other candles that are being burned at the same time in the same ritual) means that although the work will go well, it may not last long. Wicks of the candlesticks along with the body are the story tellers of the candlestick patterns. They are the graphs which represent the mind of the market traders. 

A hanging man is a type of bearish reversal pattern, made up of just one candle, found in an uptrend of price charts of financial assets. It has a long lower wick and a short body at the top of the candlestick with little or no upper wick.

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