pinbar is the signal K line that indicates that the market is about to reverse. It cannot be used alone and needs to be used in conjunction with the support resistance level. The longer the shadow line at the bottom of the reverse signal K line, the stronger it is.
Interpretation of the market: The market is currently converging into a triangle, and the high points of the triangle are lowering and the low points are also lowering.
This will form a stop-loss order on the upper and lower rails of the triangle. When the price moves in a certain direction, it will
Become the fuel for price movements.
We need to pay attention to what kind of reaction there will be when the price moves around 29500---29440.
If you go short on the shadow line, continue to wait and see on the positive line of the entity. If there is a signal at the bottom support position, you can also do it.
Great location for many
Strategic layout:
Medium risk short order: 29440---29500 short, stop loss 29620
Low risk short order: 29887---30061 short, stop loss 30100
Target take profit position: 28320
Bottom long position: 28130---28320 long, stop loss signal line bottom
(I will post the specific positions of take profit and stop loss in the square)
$$Watch the market in real time and wait until the K-line closes to give a signal before entering