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<onlyinclude>''Opening Range. In a bear case, when the opening range is relative small and market failed to BO below the range (usually also [[FBO]] below [[MSR]]) after strong attempt, and market then reverses up, traders have to be thinking about the possibilities that market will try the other direction for a MM size of the opening range.'' </onlyinclude>

''For e.g. on [[20230324]], bears tried hard with strong sell off 14-16 and 20-21 below EMA to resume the bear trend of yesterday, but the attempt failed 3 times (5, 11, 25) below LOY, bulls then got a [[HLMTR]] and eventually a MM up. This is similar to the rationale of "Initial Selloff Matters" that Al described about [[ORV]]. Similar thing happened on [[20230323]], bulls failed to resume the small<ref>comparing to the big selloff of yesterday.</ref> [[BLTFO]] on the morning, bears got a successful reversal and took profit at MM of the morning rally. Other examples: [[20230803]].''

''See also [[ORV]].''
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