PriceAction series: Inside bar / Outside bar (bullish & bearish engulfing)
Are you a price action trader?
If you are, then you thoroughly understand the importance of the 2 candlestick pattern introduced below. With the help of our indicators, you won't need to manually draw these patterns. You'll never miss an important signal just because you "forget" to recognize it.
If you are not, no worries. It's now time to learn these 2 very important price action patterns because they are critical for trading success. You'll never miss an important signal just because you don't know it.
Outside Bar Pro - An outside bar is a classic candlestick pattern, which is based on an opposite logic to an inside bar. Its range must overshadow the previous bar with a higher high and a lower low. In other words, an outside bar completely engulfs the bar before it. The 2 most important types of outside bars are the very famous and super powerful bullish engulfing & bearish engulfing candlesticks, which give very reliable signals of trend reversals.
Inside Bar Pro - This is one of the most important candlestick patterns widely used by pros, now enhanced by ninZa.co. Inside Bar Pro detects a region of sideways price consolidation, making it easy for price action traders to identify critical moments when the market breaks outside a mother bar’s range.