Triple Pins (wicks). Entry at the third Pin (wick)

20 thg 9, 2023

When Price gets to a certain price level, and then forms two Wicks at that level, we enter at the formation of a wick, the third one at the same price level. This is an indication of Selling pressure at this level which may lead to change in price direction. This is a reversal signal. It used to identify price levels where the market is likely to reverse