Just know that the nose should be as small as possible, much like the image above. If the tail follows our rule of being at least 2/3 of the entire pin bar, and the open and close are close together, then the nose shouldn’t be a make-or-break characteristic. The nose of the pin bar, which is sometimes nonexistent, is important only as it relates to the tail and body. After all, if the tail is at least two-thirds of the candlestick, then the body should be relatively small. The first rule about the tail should help keep you in line. However, there shouldn’t be much space between the open and close. The body represents the open and close of a pin bar and can vary in size. As a general rule, the tail should make up at least two-thirds of the entire pin bar. Notice how the tail on the two pin bars in the illustration above are much more pronounced than the rest of the structure. The tail of a pin bar is also called a “wick” or “shadow” and represents the most critical element of the pattern. Before we get into why these are so powerful, let’s first break down the components of the structure.
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