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''Also called BOMO, [[BOM]] '''<u>O</u>'''pen, also a [[TRO]]. Market went above 1H and then 1L and then coming back. Expect market to BO above the H or below the L, and look for MM. '''Keys to define a BOMO:''''' | |||
*'''If the pattern has less than 10 bars (but at least 5), it is less reliable.''' | |||
*'''If the opening range is more than 50% of average day's range (ideally between 30% and 50%), the BO is probably not going to lead to a MM, it probably will simply be a TRD.''' | |||
*'''If BO happens late after 1pm EST, TR more likely'''<ref>https://www.brookstradingcourse.com/trade-price-action/video-48d-trading-the-open/</ref> | |||
''See also [[18RBO]].'' | |||
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