Inside Bar Forms on Price Flip Level

After breaking higher from the double inside bar pattern that we discussed in here at the start of the week, price made a large move higher.

As the daily chart shows, price has stalled and once again formed another inside bar.

The interesting thing about this inside bar is that price is above the price flip support level and the inside bar low is rejecting this level.


If we can get a break higher, then we could see a continuation of this pattern and another leg higher.