Indices Price Action Strategy with Support and Resistance Indices Price Action Indicator

One of the strategies for trading stock indices price action is use of Pin Bar. A pin bar is a reversal stock indices price action signal on a stock indices chart which shows an obvious change in market sentiment during that period.

This pin bar candlestick has a long tail with the closing stock indices price near the open.

The pin bar candlestick looks like a pin thus the name Pin Bar - occurs after an extended move up or down.

How to Trade Indices Price Action Pattern with Support and Resistance Indices Price Action Indicator

This stock indices price action reversal stock indices signal is confirmed after market closes below the candlestick that precedes this stock indices price action pattern. Below the indices pin bar stock indices price action reversal indices pattern is confirmed after the stock indices trading market closes below the blue candle that preceded this stock indices price action pin bar candlestick.

How to Trade Indices Price Action Pattern with Support and Resistance Indices Price Action Indicator

Combining Pin Bar Indices Price Action Pattern with Support and Resistance Lines:

This pin bar stock indices price action reversal stock indices signal can be combined with other indices line studies such as Support and Resistance levels which can be used together with this stock indices price action trading signal to generate buy or sell indices trade signals.

Support and Resistance Levels

A pin bar stock indices price action candlestick that forms after stock indices price hits an important support or resistance level can be used as a stock indices signal to enter the stock indices trading market. When a this stock indices price action reversal indices pattern forms the trades taken should be in the opposite direction of the tail of this stock indices price action candlestick.

If the stock indices trading market moves up this forms a pin bar candlestick with tall upper tail, then the stock indices signal is to open a sell indices trade.

If the stock indices trading market moves down the forms a pin bar candlestick with tall lower tail, then the stock indices signal is to open a buy indices trade.

Indices Price Action Strategy with Support and Resistance Indices Price Action Indicator