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Video 08C Slide 7
in green marks the ioi pattern. But I only see a oi pattern because the first bars are not true inside bars. I’m confused by this.
In the ioi pattern the first and third bar have to be inside the second bar. Maybe you mean when saying that they "are not true inside bars" that they are not inside the preceeding bar, but they only need to be inside the center bar in this three-candle setup and Al still calls them inside bars, so ioi pattern.
Thank you. I thought it was always named by what it did compared to the preceding bar. Are there any others like this? Can you give me some examples? Thank you
I thought it was always named by what it did compared to the preceding bar.
You are right, this was an exception.
Can you give me some examples?
No more with this issue. You can see many examples in the encyclopedia related section.