Outside followed by inside bar is one of the best pattern to trade.
What does outside bar means?
- Outside bar is when current candle high > previous candle high & current candle low < previous candle high
(1/n)
What does inside bar means?
- Inside bar is when current candle high < previous candle high & current candle low > previous candle low.
(2/n)
What to interpret from outside bar?
- When we get outside bar which means neither buyer nor seller are in control.
- When we get outside bar, we should wait for the follow through/confirmation in next candle.
Every year Lacs of people appear for MBBS exam but only 5% gets admission. Out of those 5% hardly 1% becomes expert in their field.
People still never feel that doing MBBS is risky.
Same for engineering or any field there is hardly 5% who achieves something good.
(1/n)
In any business there are thousands of start up businesses are happening but hardly 5-10% runs those businesses successfully.
Still people don't feel starting new business with their own investment is risky.
(2/n)
Trading is no more difference here as well success ratio to achieve something is 5-10% as other businesses.
But Pure Indian mindset still believes that trading is very risky business and it's just gambling. Hardly very few people has financial literacy in INDIA.