Outside Bar Up

Outside Bar Up

An Outside Bar Up 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 greater than the close of bar 3, the high of bar 1 is greater than the high of bar 2 by the percent that you enter, and the close of bar 1 is greater than the high of bar 2.


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