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* b1 and b2 are two trend bars with opposite directions and highly overlaps one another. | * b1 and b2 are two trend bars with opposite directions and highly overlaps one another. | ||
* b1 is a big doji like bar with huge tails on both ends | * b1 is a big doji like bar with huge tails on both ends | ||
* b2 is an OB | |||
* b1 is an OB and it overlaps with the prior day's last bar completely. | |||
* the 1st 5min, 15min, 30min bar is a Misplaced Reversal Bar (MRB). | * the 1st 5min, 15min, 30min bar is a Misplaced Reversal Bar (MRB). | ||
* the open is at mid range of yesterday and yesterday has a small day range. | * the open is at mid range of yesterday and yesterday has a small day range. | ||
* the open has 2 bull legs and 2 bear legs. (including opening gaps) | * the open has 2 large bull legs and 2 large bear legs. (including opening gaps) | ||
Here are some features the Opening Range will probably soon BO: | |||
* When a bar closes far beyond the prior range/bar. The distance between the close and the BO point should be at least half the size of the BO bar. | |||
* Consecutive bars of the same color with trending closes. | |||
* b1 is a big trend bar to widen the Open gap. | |||
When a trader feel there is a high chance for the Opening Range, the trader may conclude that he should fade the BO instead of betting on the BO. | When a trader feel there is a high chance for the Opening Range, the trader may conclude that he should fade the BO instead of betting on the BO. |
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