Charting & Price Action
Beginner
Pin Bar
Also called: pinbar, rejection candle
A candle with a small body and a long single wick — signals rejection of a price level.
Definition
Pin bars are price-action’s bread and butter. A long wick shows price tried and failed at a level — sellers (or buyers) rejected the move. Body should be < 1/3 of total candle length; wick on the rejection side at least 2× the body.
Example
Price tags major resistance at 1.0900, prints a pin bar with 50-pip upper wick and tiny body, closes back inside the range. High-probability short setup.