Category:WB-O
WB from the open. A reasonable buy if there is a reasonably strong bull reversal bar, for e.g. bar 14 on 20230508. What makes a WBFO special is because it is at the same time a ORV setup. Remember, 50% strong moves on the open reverses, a wedge, especially a PW, is a climactic price action behavior, when the context is right and there is a strong bull signal bar, it will be a reasonable swing buy setup.
After WBFO (actually any WB), expect at least 2 legs sideways to up[1], see example on 20230808, 20-24 is the 1st leg and 30-34 is the 2nd leg.
