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PRICE ACTION. SINGLE BAR ANALYSIS 1.BUB: Bullish bar - this is a bar that closes above the open and in the top third to quarter of the bar. The higher.

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Presentation on theme: "PRICE ACTION. SINGLE BAR ANALYSIS 1.BUB: Bullish bar - this is a bar that closes above the open and in the top third to quarter of the bar. The higher."— Presentation transcript:

1 PRICE ACTION

2 SINGLE BAR ANALYSIS 1.BUB: Bullish bar - this is a bar that closes above the open and in the top third to quarter of the bar. The higher the better. 2.BEB: Bearish bar - this is a bar that closes below the open and in the bottom third to quarter of the bar. The lower the better. 3.BUOB: Bullish outside bar - this is a bar where the high is higher than the previous bars high and lower than the previous bars low. Preferably the close will be in the top third to quarter of the bar. The higher the better.

3 SINGLE BAR ANALYSIS 4. BEOB: Bearish outside bar - this is a bar where the low is lower than the previous bars low and higher than the previous bars high. Preferably the close will be in the bottom third to quarter of the bar. The lower the better. 5.IB: Inside bars - this bar is the opposite of the outside bar. the high and low are inside the previous bar. there is no bullish or bearish description to these bars. they represent indecision in the marketplace. they can signal a trend reversal or a continuation of a current trend. you tend to see them when a market is ranging. 6.NB: Neutral bars - this bar is when the open and close are within several ticks/pips of eachother. it becomes more neutral when the open and close are closer to the middle of the bar.

4 SINGLE BAR ANALYSIS 7. PB: Pinochio bars - this bar is when the open and close are within the prior bar and the body is long/petrudes. It is telling you one thing and going to do the opposite. Best played at swing highs and lows or at support/resistance. This one bar can, when mastered, give you all you will ever need to trade succesfully.

5 To the Charts

6 BUB: Bullish Bar Examples BULLISH BARS: A bar that closes above the open and in the top third to quarter of the bar. Notice how the next bar will usually test or exceed the bub.

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9 BEB: Bearish Bar Examples BEARISH BARS: A bar that closes below the open and in the bottom third to quarter of the bar. The next bar will usually test or exceed this bar.

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12 BUOB: Bullish Outside Bar Bullish Outside Bars : A bar where the high is higher than the previous bars high and lower than the previous bars low. The close should be in the top quarter to third of the bar. The next bar will usually test or exceed this bar.

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15 BEOB: Bearish Outside Bar Bearish Outside Bars : A bar where the low is lower than the previous bars low and higher than the previous bars high. The close should be in the bottom third to quarter of the bar. The next bar will usually test or exceed this bar

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18 IB: Inside Bar INSIDE BARS : Inside bars are where the high is lower than the previous bars high and the low is inside the previous bars low. They represent indecision in the marketplace.

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21 NB: Neutral Bar Neutral Bar : This bar is when the open and close are within several ticks/pips of each other. It becomes more neutral when the open and close are closer to the middle of the bar.

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24 PB: Pinochio Bars Pinochio Bar : P inochio bars occur when the open and close are close to each other and the body of the bar extends/petrudes. They are found at extreme highs and lows or at retracements. the eyes are formed on each side by their respective bars and are preferably as even as possible. The bar is lying to you saying price is continuing when its not. this is an extremly powerful bar as many of you already know.

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29 MULTIPLE BAR ANALYSIS 1.DBLHC: bullish - this is a double bar low with a higher close. two consecutive bars with the lows being equal and the close of the second bar outside/above the previous bar. 2.DBHLC: bearish - this is a double bar high with a lower close. two consecutive bars with highs being equal and the close of the second bar outside/ below the previous bar. NOTE: every once in a while you will see a triple bar (or more) with a higher or lower close. these are very reliable

30 MULTIPLE BAR ANALYSIS 3. TBH OR TBL: These are two bar highs and lows. you look for them in strong trends as a breakout point.

31 To the Charts

32 DBLHC: Double Bar Low With A Higher Close DBLHC: This is a two bar set up where there are two consecutive equal lows with the second bars close above the entire previous bar.

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35 DBHLC: Double Bar High With A Lower Close DBHLC: This is a two bar set up where there are two consecutive equal highs with the second bars close below the entire first bar.

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38 TBH/LC: Triple Bar Low Or High With A Higher Or Lower Close TBH/LC: Multiple bar analysis like the doubles above but there will be three or more. Rare indeed but worth looking for

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40 TBH/TBL: Two Bar High And Low TBH/TBL: This is multiple bar analysis where we look for a trend continuation breakout after this pattern shows up

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43 PRACTICE TIME


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