Outside Bar (Outside Day)

An “Outside Bar” or “Outside Day” is a term used in technical analysis to describe a particular price pattern in a trading chart.

This pattern occurs when the high of the current period (day, hour, etc.) is higher than the high of the previous period, and the low of the current period is lower than the low of the previous period.

In other words, the trading range for the current period completely “engulfs” the trading range of the previous period.