Inside Bar and Outside Bar Terms Valid for Entries

Candlestick formations provide an interpretation of what is happening and will be happening in the market. Each of these formations is based on human psychology where one attitude and tendency is to repeat something. Inside bar and outside bar are candlestick patterns that are often used by traders to read trend movements, whether to reverse or not.

One trading technique that deserves to be called a million people strategy is price action. This technique is used by almost all traders from beginner to professional levels. The reason is, this technique is considered easy to implement and offers good trading accuracy. Price action users will observe candlestick patterns that appear on the chart.

The inside bar is a candle or more with the high and low values completely within the previous ranger bar. That is, the candle inside the bar is always smaller because the high is lower, and the low is higher than the previous candle. In reading the inside bar, the largest candle (with the highest high and lowest low) is referred to as the parent candle (Mother Bar).

Unlike the inside bar, the outside bar is based on position, namely the mother candle on the right. The position of the mother bar on the right is now called the outside bar. The open and close outside this bar exceeds the first candle. This indirectly gives the direction of the market based on the shape of the candle.

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