Disliked{quote} Inside bar projections are the base of an old floor trader model (I think from the 90s or even older). They work on hourly, daily, weekly and even monthly charts. Since the advent of mass-retail FX 15 years ago the reliability of H1 projections degraded. There is simply too much manipulation going on. The idea is as follows: IBs are a rare event and can be interpreted as indecision. The market didn't had enough power to overcome the previous period's boundaries. In general it prefers to continue a trend and break the former period's high/low...Ignored
It seems to have some similarities to what is known as Master Candles, otherwise known as Price Trap Candles.
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