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When the market opens, bulls and bears tend to have their biases on how the day is going to setup. This creates huge uncertainty of the Opening market. When the Opening Range is large, experience traders tend to fade the BO should the BO look weak and there is clearly a disagreement from the opposite trading side. | When the market opens, bulls and bears tend to have their biases on how the day is going to setup. This creates huge uncertainty of the Opening market. When the Opening Range is large, experience traders tend to fade the BO should the BO look weak and there is clearly a disagreement from the opposite trading side. | ||
<nowiki>*</nowiki> Notice that fBO is slightly different from 1Rev. 1Rev is the first Reversal setup on the day and it usually means there is already a trend on the day. | <nowiki>*</nowiki> Notice that fBO is slightly different from [[1Rev]]. 1Rev is the first Reversal setup on the day and it usually means there is already a trend on the day. | ||
Consecutive fBO setups are common in TRDs. However, in general, most traders should avoid fading the BOs after 2fBO has already played out. | Consecutive fBO setups are common in TRDs. However, in general, most traders should avoid fading the BOs after 2fBO has already played out. | ||