Now, if you’ve been trawling through Forex blogs or guides, you’ve probably stumbled upon statements like: “Pin Bars show a price rejection” or, “A Pin Bar forms because traders have rejected higher/lower prices”. If you’re not an expert, these claims sound pretty legit. The long wick shows the market quickly went back after hitting a certain price – how else could price reverse and form the pin? I also thought these claims explained why Pin Bars form, but I was SO WRONG!