Outside Reversal

Outside Reversal

In technical analysis, a situation in which a security's high is higher than the high of the previous trading day, and, likewise, the low is lower than the previous low. If an outside reversal occurs at a security's support level, this is a bullish indicator; if it happens at the security's resistance level, this is a bearish indicator.
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If the stock closes at this level it will have formed a bearish outside reversal day on the charts.
Outside reversal days (where the high and low of the current day's range are both wider than the previous day's range) are considered more potent.