Price is up and down all day long; every few minutes a several pip movement may be seen in either direction. No matter what the overall daily direction is, retracements can occur at any given time.
Therefore I am wondering why it is often stated that candles (whether M15, H1 or H4) need to finish strong and why we should read pin bars as a weakness.
One possibility is that candles that end strong entice more of the market to carry on in the same direction, maybe robots adhere to these strong candles too. But ultimately can we ignore these candles and is price movement per se more important?
Therefore I am wondering why it is often stated that candles (whether M15, H1 or H4) need to finish strong and why we should read pin bars as a weakness.
One possibility is that candles that end strong entice more of the market to carry on in the same direction, maybe robots adhere to these strong candles too. But ultimately can we ignore these candles and is price movement per se more important?