In addition to Suri Duddella mentioned by Big Mike, and Thomas Bulkowski mentioned by Fat Tails, you might want to check out Lance Beggs stuff. He has a bunch of free videos on YouTube and well as a training course called YTC price action trader. I have material by all 3 mentioned above and each one provides very valuable information.
@trendisyourfriend , do you also consider other candlestick patterns besides the pinbar which show the same movement? Since the pinbar is nothing more then ' price turning around' within one candlestick, the same information can be shown by different/more candlesticks. E.g. the bearish/bullish engulfing 2 candlestick pattern combined is the same as a shooting star/pinbar etc. Although one could say it shows slower momentum since the pattern takes 2 candles to form, instead of one.
Since you say it denotes trapped traders, would you only consider pinbars which dip below some form SR ( in case of ' bounce of long SR )? ( and dismiss the ones which turn around just before )
One of my worst enemies are my own false assumptions
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