A Pin Bar is probably the most widely Japanese candlestick formation used by swing traders, and can be used to day trade as well. This is an extremely powerful setup.

Pin bars can identify turning points in the market with extremely high accuracy, especially when used on higher time frames or even multiple charts. Coupled with the right risk management strategy, and even other indicators such as our "Trend Strength Identifier" as an additional filter pin bars can yield winner after winner in any market.

Plots on the close of the pin bar itself (does not re-paint).