KLoooo

In Price Action (PA, naked K) trading, the pin bar is a very important entry signal, also known as a Rejection Candle, and is usually a candlestick pattern that indicates a price reversal.
The formation of a Rejection Candle occurs when the price is strongly supported or suppressed at a certain position, resulting in a very small body but large shadows of the candlestick, including hammer and inverted hammer patterns, which are referred to as 'Pinocchio Back Bar', abbreviated as 'pin bar'.
In trading practice, we need to pay attention to the fact that a pin bar with a long lower shadow is a buy signal; one with a long upper shadow is a sell signal.

The weekend is still the same as usual, a narrow range of fluctuations, suitable for short-term players. This weekend I will shorten my time at the top of the market, occasionally check the news, or glance at the markets, but more time will still return to my own life, so that on Monday I can have a better mindset and mood to watch the market. A good mindset can definitely improve your win rate. I looked at the fundamentals, and there was a negative news yesterday, which is that the mainland has further cracked down on the crypto market, this time it clearly stated that stablecoins are a type of virtual currency, which was previously not clearly categorized as virtual currency. Although it is bad news, it hasn't had much impact on the market, perhaps everyone has become less sensitive to such news, after all, we have experienced a lot. There is currently another piece of news, which is that Federal Reserve Chairman Powell will resign on December 1, and the meeting will be at 7 PM (Eastern Time) on Monday. This news's authenticity cannot be verified yet, but if the news is true, it would be a positive for the crypto community. Such news will have market implications, everyone pay attention!

Large pancake, sharing views on the recent market trends of Ethereum
The entire market has seen a slight rebound in the past couple of days, giving the bulls a chance to catch their breath. But today, it seems to have returned to the initial starting point, and the rebound appears to be over. On November 20, which is tomorrow, the U.S. government will release the first batch of macro data after reopening, including the unemployment rate and non-farm payroll numbers for September. Global tech leader NVIDIA will report its third-quarter earnings, and the market generally believes its performance will represent the bull-bear trend in the capital market. Recently, not only has the crypto market been declining, but the entire financial market, including U.S. stocks, has also been going down, so the market urgently needs data, positive data to boost the confidence of investors and institutions, and to delay this wave of decline in the financial market.