{"product_id":"stcov293thin","title":"Stocks \u0026 Commodities V. 29:3 (30-35): Three-Bar Inside Bar Pattern by Johnan Prathap","description":"Three-Bar Inside Bar Pattern by Johnan Prathap\u003cbr\u003e\u003cbr\u003eThis trading strategy uses an inside bar as a three-bar pattern for long and short positions. Find out how it performed on gold, silver, and crude oil contracts.\u003cbr\u003e\u003cbr\u003eWhether you look at an intraday, daily, weekly, or monthly chart you will, without a doubt, see many inside bars. They appear in uptrends, downtrends, and sideways markets. Typically, most traders think of an inside bar as a two-bar pattern, but I have found successful trades using an inside bar pattern as a three-bar pattern for both long and short signals. An inside bar accompanied by higher closes indicates a short-term uptrend, and an inside bar accompanied by lower closes indicates a short-term downtrend.\u003cbr\u003e\u003cbr\u003eI tested this setup on daily data from May 2001 to August 2010 on three major commodities: gold (GC), silver (SI), and crude oil (CL). The results are worth some consideration.\u003cbr\u003e\u003cbr\u003eTHE INSIDE BAR\u003cbr\u003e\u003cbr\u003eThe typical inside bar two-bar view indicates minimal activity in a market. It is defined as a bar (or series of bars) that is completely within the range of the preceding bar; that is, it has a higher low and lower high than the bar immediately before it.\u003cbr\u003e\u003cbr\u003eSome traders consider a bar an inside bar if the high and low are equal to the previous bar or where there are several consecutive bars within the range of a previous bar. The Inside Bar Show Me study in TradeStation will not mark bars that meet either of these conditions.\u003cbr\u003e\u003cbr\u003eMany analysts tend to view inside bars as an indication of declining market activity, or possibly a prelude to a large movement in either direction.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52134007112049,"sku":"041PRATPDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_b321c493-d04a-4f83-a33e-8cb8957e5f36.jpg?v=1739661885","url":"https:\/\/shop.traders.com\/products\/stcov293thin","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}