Trading Strategies using Indices Price Action Setup Patterns with MAs Price Action Patterns Indicator
One of the strategies using price action setups is use of Pin Bar. A pin-bar is a reversal trading price action setup on a stock indices chart which displays an obvious change in market sentiment during that particular period.
This pin bar stock indices price action strategy is a candle that has a long tail with the closing price near the open.
The pin bar candlestick trading price action setup looks like a pin thus the name Pin Bar - forms after an extended trend move upward or downward.
How Do I Trade Indices Price Action Pattern with MAs Price Action Setup Patterns Indicator
Pin bar pattern setup stock indices price action reversal signal is confirmed after stock indices price closes below the candle that precedes this price action setup.
The indices pin bar stock indices price action pattern example explained and illustrated below is confirmed after the price closes below blue candle that preceded this trading price action pin-bar setup.
How Do I Trade Indices Price Action Pattern with MAs Price Action Setup Patterns Indicator
Combining Pin Bar Stock Indices Price Action Pattern with MAs:
Pin bar stock indices price action reversal setup can be combined with other stock indices price action setups indicators which can be used together with this trading price action reversal setup to generate buy or sell stock trades.
Combining Pin-Bar Indices Price Action Pattern with MAs Indicator