Depending on positioning and closing price they can sometimes indicate a change in momentum/trend or short term market uncertainty. Just google will give you plenty of links ... this explanation below was found at incrediblecharts.com
Often trends are not very clear with uncertainty among buyers and sellers. Inside days, outside days and borderline days are signs of uncertainty in a trend.
Inside days have a lower high and a higher low when compared to the preceding bar.
Outside days have both a higher high and a lower low than the previous day.
Borderline days are similar to inside or outside days - except that there is an equal high or equal low.
regards
HD
AJX Price at posting:
61.0¢ Sentiment: None Disclosure: Held
