Outside Bar Down

Outside Bar Down

An Outside Bar Down occurs when the high of bar 2 is greater than the high of bar 3, the low of bar 2 is lower than the low of bar 3, the close of bar 2 is lower than the close of bar 3, the low of bar 1 is lower than the low of bar 2 by the percent that you enter, and the close of bar 1 is lower than the low of bar 2.


Reference: Hill, John R. Stock & Commodity Market Trend Trading by Advanced Technical Analysis. Hendersonville, North Carolina: Commodity Research Institute, Ltd., 1977.