A pin bar is a candle with one very dominant wick — a sharp rejection of one direction within a single period. The concept is the same as the hammer/shooting star, but the term pin bar is used for all timeframes and both directions.
A fakey is a combination: an inside bar whose high/low is briefly broken, after which price reverses and closes back inside the range — a trap for those chasing the breakout.
How to read them
- A pin bar at an important level in the direction of the trend = a relatively clean trigger, with the stop at the tip of the wick.
- A fakey shows which side is "trapped"; price often moves away from that side.
Key points
- The core of both: rejection and liquidity traps.
- Always pair them with a level and the trend direction.
Save your learning progress
Sign up free to mark lessons as completed and unlock all member lessons.
Sign Up Free
Risk disclaimer: all content on this site is provided for educational purposes and is not financial advice, signals, an invitation to trade, or a promise of profit. Trading carries a high risk and may result in the loss of part or all of your capital. Check the legality of service providers in your jurisdiction.