Definition. An inside day has a lower high and a higher low than the previous day. An outside day has a higher high and a lower low than the previous day.
How it works
An inside day means a contracting range and often balance. An outside day means the range has expanded in both directions, often with more uncertainty.
Example
After several inside days the range narrows and the market looks for a catalyst to break out of balance.
What to watch out for
The classification depends on whether you look at the regular session or the full 24 hours.
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You'll find the full explanation with graphics, examples and exercises in the 📖 Order flow encyclopedia space, and its use in the live market in the 🔴 Live Room. Both are available to Club members (in Polish).
