Candlestick chart patterns

Bearish Counter-Attack Lines
Bearish Engulfing Pattern
Bearish Harami
Bearish Hikkake Pattern
Bearish Multi-Harami Pattern
Bearish Separating Lines
Bearish Star
Belt hold line (Marubozu)
Belt-Hold line-Yorikiri-Bearish Pattern
Belt-Hold line-Yorikiri-Bullish Pattern
Bullish Counter-Attack Lines
Bullish Engulfing Pattern
Bullish Harami
Bullish Hikkake Pattern
Bullish Kicker Candlestick Pattern
Bullish Multi-Harami Pattern
Bullish Separating Lines
Bullish Star Pattern
Butterfly Doji
Channels
Coiling Inside Bar
Cup and Handle
Dark Cloud Cover Pattern
Doji Pattern
Doji Star Candlestick Pattern
Double Inside Bar
Downward Gap Tasuki
Flags and Pennants
Gravestone Doji
Hammer & Hanging man Pattern
Head and Shoulders and Inverted Head and Shoulders
Inverted Hammer & Shooting Star Pattern
Ladder Bottom
Ladder Top
Long-legged Doji
Mat-Hold Pattern
Mega Bearish Engulfing
Mega Bullish Engulfing
Multi Inside Bar
Negative Bias Candle
Piercing Pattern
Positive Bias Candle
Raindrop
Rickshaw-man Doji
Rounding Bottom
Side-by-side Green lines - Bearish
Side-by-side Green lines - Bullish
The Evening Star
The Falling Three Pattern
The Morning Star
The Rising Three
Three Advancing Soldiers
Three Black Crows Pattern
Three Inside Out Pattern - Bearish
Three Inside Out Pattern - Bullish
Three Line Strike Pattern - Bearish
Three Line Strike Pattern - Bullish
Three Outside Up Pattern - Bearish
Three Outside Up Pattern - Bullish
Three River Bottom Pattern
Trend Angles: 45 Degree Trendline
Trendlines
Triangles
Upside Gap Two Crows
Upward Gap Tasuki
Wedges: Rising and Falling Wedges
Windows

Double Inside Bar

The Double Inside Bar candlestick pattern is characterised by two consecutive inside bars nested within the high and low range of the preceding bar. An inside bar forms when a candle’s entire price range falls within the previous candle’s high and low range. The occurrence of two such inside bars in succession encapsulated within the range of the preceding candle marks the formation of a Double Inside Bar pattern.

The Double Inside Bar can be termed as the trend’s consolidation or breathing space. A break on either side can lead to continuous or reversal movement.

Trading Strategies Utilizing the Double Inside Bar:

1. Breakout Strategy: 

Traders eagerly await a decisive move beyond the high or low of the Double Inside Bar formation, signalling a breakout from the consolidation phase. This breakout often paves the way for significant market movements. Upon confirmation of the breakout, entry can be initiated, accompanied by robust volume and momentum.

The stop-loss is placed at the low of the inside bar for bullish continuation and high for the bearish.

2. Reversal Strategy:

The Double Inside Bar pattern is a consolidation phase and a potential reversal signal. This is especially true when it forms near crucial support or resistance levels. Traders can anticipate a reversal in the prevailing trend when a Double Inside Bar pattern emerges following a prolonged uptrend or downtrend. Confirmation through subsequent price action in the reverse direction of the prevailing trend further solidifies this signal.

The Double Inside Bar reversal also confirms the exhaustion before reversal.

The stop-loss is placed at the low of the inside bar for a bullish reversal and the high for a bearish reversal.

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