What is a Inside Bar pattern? | Syed Rahman

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This is the first lecture in the 4th section of the Best Selling Course on Udemy, named "Forex and Stock - Mastering the Strongest Trend Reversal Candlestick Patterns".

Description:

In this lecture you will learn the valid formation and structure of Engulfing candlestick patterns.

This course is designed to trade the FOREX and Stock market by using only 4 Japanese candlestick patterns in a price action chart.
These are the strongest trend reversal/ breakout candlestick patterns - mostly traded by the Large Banks, Financial Institutions and Professional Traders all over the world.

In this course, a student will learn about the Pin Bar Candlestick Pattern, the Engulfing Candlestick Pattern, the Inside Bar Candlestick Pattern, and the Piercing Line candlestick pattern.

This course covers all the necessary details about trading the market with these 4 candlestick patterns including -

1. Valid Trade Entry Position
2. Analyzing the Market Sentiment
2. Setting the Stop Loss
3. Targeting the Most Probable Profit levels -
4. Filtering the invalid trade entry positions positions
5. Distinguishing trend continuation pattern from trend reversal patterns
6. And some other relevant things.

These candlestick patterns will work almost in every time frames, but mostly in higher time frames like 1 hour charts, 4 hour charts, Daily charts, or weekly - monthly charts.

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You can watch some of the lectures from my course on YouTube. Below are the links of those lectures

Learn the valid formation of Pin Bar Candlestick Pattern

Valid formation of Engulfing Candlestick Pattern

Valid formation of Inside Bar Candlestick Pattern

Valid formation of Piercing Line Candlestick Pattern

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Inside Bar Lecture Summary:

Inside bar candlesticks are basically identified by two back to back opposite directional candles. Where the current candlesticks high and low, been covered by the high and low of its preceding candlesticks high and low. Or more simply, the most recent candlestick stays inside the total range of its previous candlestick.

These two candlesticks has to be two different directional candles, which means, if one candle is a bullish candle then the other candle has to be a bearish candle, or vice versa.

In this candlestick pattern, we call the big candle as mother candle,
And the next candle which stays inside the range of the mother candle, is called the inside bar candle.

Because it’s total range stays inside the range of its mother candle.
Multiple inside bar candlesticks can be formed inside the range of the mother candle, and still it’s a valid inside bar candlestick pattern. The look of the inside bar candlestick pattern is the opposite of engulfing candlestick pattern.

Here the most recent candles are being engulfed by the previous candle, where the most recent candle stays inside the range of the mother candle or big candle. That’s why this candlestick pattern is called as the inside bar candlestick pattern.

Now, because multiple different directional candlestick can be form inside the mother candle, so to address this pattern as bullish inside bar pattern or bearish inside bar pattern, like the other candlestick patterns, we should wait for another confirmation.

On the other hand, If an inside bar candlestick pattern forms at the top of a price action chart, where the mother candle is a bullish candle, and then a bearish candle break the low of the mother candles range, then this pattern we will call as bearish inside bar candlestick pattern, where this pattern signals the strong bearish momentum on that market.

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