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| Opening Range. ''In a bear case, when the ORG is relative small and market failed to BO below the range (usually also FBO below [[MSR]]) after strong attempt and reverse up, traders have to be thinking about market will try the other direction for a MM up of the range. 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 had a HLMTR and got a MM up. This is similar to the rationale of "Initial Selloff Matters" that Al described about [[ORV]].''
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