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Trading the Levels › ELME › Levels › Mother bar

ELME Mother Bar (High-Volume Range Bar)

Updated Nov 6, 2026, 9:33 AM ET · Mother bar = a daily bar with volume above every one of the previous 20 days
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ELME's latest daily mother bar formed on Sep 30: high $1.76, low $1.74, on a volume spike. The first close outside came above it on Oct 22. Price is below the bar.
Best for: swingHold: days to weeksPrice $0.07 · 15-min delayed
Mother bar high1.76
Mother bar low1.74
Days inside15
Price (15-min delayed)0.07

ELME daily chart: mother bar high and low (Sep 30)

1.7Aug 27Sep 8Sep 17Sep 28Oct 7Oct 161.76Mother bar high 1.761.74Mother bar low 1.741.77
- - - mother bar high- - - mother bar low

Where ELME sits in its zone

The delayed price $0.07 is below its daily zone ($1.26 – $1.52), 59.63 ATR under the bottom.

1.26 · bottom 25%middletop 25% · 1.52
  • Setups to watch: the zone broke. Watch for a reclaim back into the zone (false breakdown) or a continuation lower.
  • Prior move: ELME moved down from $1.70 (the last daily swing) to $0.07, about 82.1 ATR, so the move is extended. Traders often watch the reversal first here.
  • Reversal check: a hammer or bullish engulfing candle near $1.26.
  • Latest daily candle (Oct 22): Tweezer Bottom (bullish).
  • Breakout check: RVOL above normal on the break (last day's RVOL: 0.5× on Oct 22).
  • Zone tests: price pushed above the zone top 1 time and fell back, and dipped below the bottom and recovered 0 times. Each test can weaken a zone.

Why mother bar matters

A mother bar is a big, high-volume bar that later bars stay inside. The volume shows big players were active, and the range they left becomes the box traders watch for the next move.

How traders use it

  • Wait for the first candle to close outside the mother bar, not just poke through it.
  • A close back inside after a breakout is a false breakout; many traders then watch the other side.
  • The longer price stays inside, the more energy traders expect for the breakout.

The last 10 mother bars

  • Of the last 10 daily mother bars, 8 had a close outside and 6 turned into false breakouts.
  • Latest 5-minute mother bar (Oct 23, 5:35 AM ET): $0.11 / $0.09, broke down then closed back inside (false breakout).
  • Round numbers nearby: $0.50.

Combined conditions

  • The daily zone is $1.26–$1.52. VWAP $1.77.
  • The delayed price is below the daily zone: watch for a reclaim or a continuation lower.
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How to trade around ELME's mother bar levels

1. First close aboveA daily close above $1.76 after time inside is the breakout signal; a close back under $1.76 turns it into a false breakout.
2. First close belowA daily close under $1.74 with high RVOL is the breakdown signal; a close back inside cancels it.

For more setups and trading strategies, click here →

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ELME daily mother bars: last 10

DateHighLowDays insideFirst close outsideFalse breakout?
Sep 211.761.721Down (Sep 23)Yes
Sep 171.661.631Up (Sep 21)No
Sep 161.671.632Up (Sep 21)No
Jun 251.521.263Up (Jul 1)Yes
May 132.062.023Down (May 26)Yes
May 112.082.015Down (May 19)Yes
Mar 202.041.988Up (Apr 2)Yes
Mar 132.132.053Down (Mar 19)Yes
Jan 82.852.690Not yet—
Jan 717.4917.250Not yet—

FAQ

What is ELME's latest mother bar?

The Sep 30 daily bar: high $1.76, low $1.74.

On SEPT: mother bars are marked on your chart as they form. Try it free →
What is a mother bar?

A large bar whose range contains the bars after it. Here it is a daily bar with volume above every one of the previous 20 days.

On SEPT: screen for stocks trading inside a mother bar right now. Try it free →
How do you trade a mother bar breakout?

Traders wait for the first candle to close above or below the mother bar, not just poke through it.

On SEPT: alert on the first close above or below the mother bar instead of watching every candle. Try it free →
What is a false breakout of a mother bar?

Price closes outside the bar, then closes back inside. Many traders then watch the other side of the bar.

On SEPT: test how often false breakouts happen on your stocks with the Setup Builder. Try it free →
Has ELME broken out of its mother bar?

Yes, up.

On SEPT: get an alert the moment ELME closes outside its mother bar. Try it free →
What are the odds of a ELME mother bar breakout?

Odds depend on the time inside, the trend, the volume and where the bar sits versus zones.

On SEPT: test the odds on years of real data. Try it free →
Where is ELME in its zone now?

Below its daily zone ($1.26 – $1.52), based on the delayed price.

On SEPT: see ELME's zone position live and let GOAX alert you at the zone edge. Try it free →

Data: SEPT market data engine. Delayed data; real-time levels are on the SEPT platform. Times in Eastern Time. Educational information only, not investment advice. No odds or win rates are shown on this page.