The "Pin Bar and Confirmation Strategy" is based on the candle formation formed when the candle bar that comes after a pin bar closes closes in the direction of the pin bar's willingness and above the closing price. 'Every pin bar is also an engulf candle!'. Based on this saying, pin bars consist of an engulf candles in sub-timeframes smaller than the timeframe in which they are seen. Therefore, when these engulf candle bars are combined, a pin bar appearance is formed in an upper time frame.
Although pin bars give signals about the dominant direction the price will go, they are not enough on their own. Therefore, after the pin bars, we need a voluminous confirmation bar confirming the direction the pin bar is pointing.
If the pin bar is willing in the "long" direction, the next bar should close with a voluminous bullish candle. If the pin bar is willing in the "short" direction, the next bar should close the voluminous bearish candle. In addition, the closing price level of these voluminous confirmation bars must be above the closing price level of the previous pin bar.
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