COST Directional Movement: How Outside Bars Score
Summary
Hollow Point Trading shares a historical Costco IEX example comparing two completed five-minute bars from October 8, 2026. The analysis explains why an outside candle that extends both ways does not score positive directional movement on both sides, using the previous high of 947.41 and new high of 947.995.
https://youtu.be/sdGBAMPZOCo
COST directional movement: an outside bar does not score both sides...
An outside candle can expand both ways without scoring positive directional movement on both sides. This historical Costco IEX example compares two completed five minute bars from October eighth, twenty twenty six. The previous high is nine forty seven point four one; the new high is nine forty seven point nine nine five. That upward extension i...
