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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 market in recent days has mainly been characterized by fluctuations, with no significant one-sided trends. In last week's market, every day around 22:30, the time when the US stock market opens, the fluctuations were slightly larger due to the influence of the US stock market. The 15-minute K-line basically closed with dojis or crosses, and often several consecutive ones, making it easy to hit stop losses. Therefore, it's advisable to wait half an hour to an hour after the US stock market opens to choose an entry point, entering after the market stabilizes to avoid being stopped out by spikes. Liquidity is still much weaker compared to last month, and the strength of the bulls is relatively thin. Today, Japanese media announced that it is expected to raise interest rates to 0.75%, which is an increase of 25 basis points, and the meeting will take place on the 18th and 19th, which is currently the news to pay attention to.

The interest rate cut at 3:00 AM last night was expected, with a reduction of 25 basis points. Overall, the impact on the market is minimal; it has to go down regardless. Currently, the market sentiment is bullish before the good news lands, and bearish after it lands. It can also be viewed this way: the surge two days ago was brought about by this round of interest rate cuts, as the market digested it in advance and moved ahead. Is the market always one step ahead of you? A cut of 25 basis points is no longer enough to attract capital inflow; it needs to be 50 basis points. Such unexpected super-positive news would lead to a violent market reaction. The futures market expects the Federal Reserve to cut rates by a cumulative 55 basis points next year, slightly increased from before the meeting, with a 24.4% probability of a 25 basis point cut in January next year. Bulls can only hold on until the rate cut in January next year; December is also year-end, and with all the good news already out, it's a time to be more vigilant about risks, maintaining rationality. On the 19th, there is also news about interest rate hikes, and at the end of the month, the impact of Christmas fund returns, so being cautious is not a mistake!

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.