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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 | ''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 10RBO:''''' | ||
*'''If the pattern has less than 10 bars (but at least 5), it is less reliable.''' | *'''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 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.''' | ||