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* 80% of days, market test support or resistance in '''1st 90 minutes (bar 18)''', and the '''reversal often creates high or low of day.''' | * 80% of days, market test support or resistance in '''1st 90 minutes (bar 18)''', and the '''reversal often creates high or low of day.''' | ||
* 80% of days, the market opens have reversals (''Opening Reversal, indicating the end of the trend from the open''), which means '''Trend From The Open lasting all day only 20% of day ''(i.e. once every week on average)'''''<ref>''https://www.brookstradingcourse.com/wp-content/uploads/2018/10/181030-futuresio-Patterns-on-the-Open-Al-Brooks.pdf'' </ref><ref>''https://www.brookstradingcourse.com/wp-content/uploads/2017/10/171017-Futures.io-Presentation-Opening-Reversals-Al-Brooks.pdf''</ref>. | * 80% of days, the market opens have reversals (''Opening Reversal, indicating the end of the trend from the open''), which means '''Trend From The Open lasting all day only 20% of day ''(i.e. once every week on average)'''''<ref>''https://www.brookstradingcourse.com/wp-content/uploads/2018/10/181030-futuresio-Patterns-on-the-Open-Al-Brooks.pdf'' </ref><ref>''https://www.brookstradingcourse.com/wp-content/uploads/2017/10/171017-Futures.io-Presentation-Opening-Reversals-Al-Brooks.pdf''</ref>. ''And only 10% of days are strong trend days''<ref>''https://www.brookstradingcourse.com/trade-price-action/video-48a-trading-the-open/''</ref>. | ||
* Generally, when there is a strong BO on the open, the market '''reverse in 50% of days''', no matter how strong the initial BO looks like, '''however at the same time, notice that by the close of 2nd bar closing near its low, 60% chance of MM down from the open of 1st bar to the close of the final bar of the bear BO (in bear case)'''<ref>''[https://www.brookstradingcourse.com/bonus-videos/trading-patterns-on-the-open/ Bonus Video 02: Trading Patterns on the Open]''</ref>. | * Generally, when there is a strong BO on the open, the market '''reverse in 50% of days''', no matter how strong the initial BO looks like, '''however at the same time, notice that by the close of 2nd bar closing near its low, 60% chance of MM down from the open of 1st bar to the close of the final bar of the bear BO (in bear case)'''<ref>''[https://www.brookstradingcourse.com/bonus-videos/trading-patterns-on-the-open/ Bonus Video 02: Trading Patterns on the Open]''</ref>. | ||
**''For it to become a successful reversal, '''the single most important thing to look for is''' '''whether the initial move is climatic'''.'' | **''For it to become a successful reversal, '''the single most important thing to look for is''' '''whether the initial move is climatic'''.'' |