outside days

Check out one of our founders explaining this report in the video below:

this looks at every time price opens above yesterday's high "bullish outside day", and below yesterday's low "bearish outside day" — then checks how often price reverses back into yesterday's range, or continues in the direction of the outside day. lets look at es futures ny session to see some examples :

if there is a high chance for a bullish/bearish outside day and a reversal back inside , then use the price outside as a potential entry and price inside previous days range as a potential target.

if there is a high chance for a bullish/bearish outside day and a continuation , then look for a trend confirmation in that direction for an entry, and a combination of confluences from other reports to find a target.

why outside days matters :

recognizing outside days is critical for anticipating market behavior. this report shows the probability of a market reversal or continuation, allowing you to adjust your strategies for potential reversal or continuation setups. when an outside day is identified at the market open, the report can guide expectations for the trading day, helping to decide whether to look for trades that capitalize on a reversal back into the previous day's range or continuation in the direction of the open.