outside days by spike

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

this report takes all the days where bullish / bearish outside days have reversed back into the previous session's range, and checks how far away from the open price moved before reversing back into the range. lets look at es futures ny session and see some examples :

as seen above , your average spike size can serve as a potential entry as well as your max spike size on days with large volume and big moves.

why outside days by spike matters:

use this report to see if today's price action is falling in line with a reversal back into previous session's range, or continuation in the direction of the outside day. if you're in a trade targeting a reversal into the previous session's range and it moves against you, but within the average spike, you'll have more confidence to stay in your trade. however, once it starts to exceed that average spike, you can become more concerned about the gap not filling.