Pin Bar

A pin bar, sometimes called a Pinocchio bar, is a single candlestick with a small body and one long wick that sticks out from the surrounding price action. The long wick shows where price pushed into a level and was rejected, while the close back near the open says the move failed. Traders read a bearish pin bar — a long upper wick at resistance — as a sign that buyers lost control, and a bullish pin bar with a long lower wick at support as rejected selling. Pin bars are common entry triggers in price-action trading, but they carry more weight when they form at a tested level, agree with the higher-timeframe trend, and are confirmed by the next candle.