Trader Resources : Reading Bar Charts
Day Patterns

	In the Inside Day pattern, the high and low prices of a trading day are completely contained in the range of the previous day. The close prices are not considered as significant in this pattern. Watch closely to see which way prices move after this occurs to see a possible trend.
	In the Outside Day pattern, the high and low prices of a trading day exceed the range of the previous day. The close price is very significant in this pattern. The shift in the close price can often signal a shift in market trends.
	In the Closing Price Reversal pattern, the prices initially seem to follow the previous trend, but reverse during the day such that the close price is the opposite of the trend. This pattern is a warning that a trend is coming to an end.
	The Key Reversal pattern is a combination of the outside day and closing price reversal patterns. The open and closing prices occur outside the range of the previous day's trading. This is a strong warning that a trend is coming to an end, and most speculators will reverse their positions upon seeing this pattern.

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