Pick the following statements that best describe inside bars. I. The first bar should be a wide-ranging bar relative to the preceding bars. II. The subsequent bars should close on high volume. III. The reversal pattern is more reliable if it is preceded by a strong and clear uptrend. IV. It is best if the pattern occurs at a cycle peak or trough.
A.
Only I, III, and IV are correct.
B.
Only I, II, and III are correct.
C.
Only I and III are correct