Indices Price Action Strategy with Support & Resistance Indices Price Action Indicator
One of the strategies for trading stock indices trading 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 shift in market sentiment during that period.
This pinbar candle has a long tail with the closing stock indices price near the open.
The pinbar candle looks like a pin thus the name Pin Bar - forms after an extended trend move upwards or downward.
How to Trade Indices Price Action Pattern with Support & Resistance Indices Price Action Indicator
This stock indices trading price action reversal stock indices signal is confirmed after market closes below candle that precedes this stock indices trading price action pattern. Below the indices pin bar stock indices trading 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 pinbar candle.
How to Trade Indices Price Action Pattern with Support & Resistance Indices Price Action Technical Indicator
Combining Pin Bar Indices Price Action Pattern with Support & Resistance Lines:
This pin bar stock indices trading 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 trading price action trading signal to generate buy or sell indices trade signals.
Support & Resistance Areas
A pin bar stock indices trading price action candle 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 trading price action reversal indices pattern forms the trades taken should be in the opposite direction of the tail of this stock indices trading 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 & Resistance Indices Price Action Technical Indicator
