Engulf-Pin Bar Conversion with End-to-End Splice

 

Each engulf candle arrangement corresponds to a pin bar in the upper time frame. Based on this, "Every pin bar is also an engulf candle!" we can say. Because, when we look at any pin bar in a lower time frame, we see an engulf candle formation.

In engulf candles that we see in any time frame with end-to-end splicing, and in covert engulf formations formed by more than one candle coming together; By observing the opening price level and the closing price level of candlesticks, we can detect pin bars that can be seen in the upper time frames as a result.

In engulf candles that we see in any time frame with end-to-end splicing, and in covert engulf formations formed by more than one candle coming together; by taking the opening price level and closing price levels of candlesticks as a reference, we can identify pin bars that can be seen in the upper time frames as a result.

Here, the important point when doing the end-to-end splicing process that to proceed from left to right, taking the opening price level of the first candlestick in the engulf formation that we have determined as reference and taking into account the closing price levels of the right-hand candle bars. In this way, we find the pin bar that we can see in the upper time frames.