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Outside Bar

An outside day/period/bar is a two-bar pattern consisting of an open and a close that create a range that's above and below the prior day's/period/bar open/close range, and a higher high AND a lower low on the second day/period/bar compared to the first bar. True outside days/period/bar also require intraday movement from the open to the close of the two days/periods/bars that is pointed in opposite directions (meaning one bar consists of a close above the open, and the other bar consists of a close below the open).

Source: http://www.bigtrends.com/education/o...chart-pattern/

See also: Inside Bar
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Created by  steve2222 , April 12th, 2016 at 04:36 AM
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