The red arrow shows that the inside bar has formed and with the stoch signal that shows the down signal , the price move down after that.
Posts Tagged Inside Bar
The Inside Bar
The Inside Bar is the bar that stay inside the high and low of the previous bar. Its low is higher than the previous bar low and its high is lower than the high of the previous bar.
The inside bar can indicate the slower move in the market and it indicates that the trend may change, BUT it need another tool to get the confirmation.
