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The Inside Day chart pattern indicates a point of indecision.  In theory, you would either sell the new low from the previous day or buy the new high from the previous day.  However, an even more powerful signal is to go with whatever direction AFTER a failure:

The Inside Day chart pattern indicates a point of indecision.  In theory, you would either sell the new low from the previous day or buy the new high from the previous day.  However, an even more powerful signal is to go with whatever direction AFTER a failure:

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