Candlestick Patterns
Bar-by-bar compression patterns, plus the Minervini checklist for confirmed uptrends.
Inside Bars & Minicoil
Inside Bar (IB)
Today's entire range fits inside yesterday's — a one-day pause where neither side pushed the boundaries. Double / Triple IB = two or three nested pause days in a row, each tighter than the last. The more nested bars, the tighter the coil and the cleaner the eventual break.
Minicoil
A multi-day version of the same idea: several days (3–9) all trading inside the range of one earlier “mother bar”. The market has effectively agreed on a price zone — the exit from that zone is the signal to watch.
The Inside Bars column shows which variant is active (IB, Double IB, Triple IB or Minicoil). The filter checkbox selects any of them. These are compression patterns like the volatility filters — they say a move is coming, not which way. Trade the break of the pattern's high/low, ideally in the direction of the trend.
How to trade it
- Entry
- Break above the pattern's high — the mother bar's high for a Minicoil, the inside bar's high for an IB — in the direction of the prevailing trend.
- Stop
- Below the last coil bar's low (Minicoil) or the inside bar's low. Nested patterns (Double/Triple IB) give progressively tighter stops.
- Works best when
- In a stage-2 uptrend, no more than ~10–15% above a prior base, on the right side of that base — and even better when the coil forms around Pocket Pivot bars.
- Avoid when
- The coil sits under falling averages or in the middle of nowhere — compression without trend context breaks both ways.
Scan recipes
Coil in trend
- 1Candlestick card → Inside Bar / Minicoil on
- 2🔑 Rising 50 EMA on (Moving Average card)
- 3MISC card → From 52W High slider → −15 to 0
→ Tight pauses in uptrends near their highs — breakout candidates with small, defined risk.
Mark Minervini Trend Template
An 8-point checklist adapted from Mark Minervini's Trend Template for confirming a stage-2 uptrend — the phase where sustained advances happen. A coin passes only if all of these hold:
- Price above its 50, 150 and 200-day averages
- Averages stacked in order: 50 > 150 > 200
- Price within 25% of its 52-week high
- Price at least 25% above its 52-week low
It's a strict quality screen — few coins pass at any given time, and that is the point. Use it as a universe-narrower: Minervini Template + a volume signal is a classic combination.