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Category:ORV：修订间差异
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* '''80% of days''' with strong rally on the open have minor reversal down lasting '''at least 5 bars (typically 5-10 bars, i.e. a TBTL correction)'''<ref>https://www.brookstradingcourse.com/trade-price-action/video-48a-trading-the-open/</ref>. | * '''80% of days''' with strong rally on the open have minor reversal down lasting '''at least 5 bars (typically 5-10 bars, i.e. a TBTL correction)'''<ref>https://www.brookstradingcourse.com/trade-price-action/video-48a-trading-the-open/</ref>. | ||
* '''80% of days''', the market opens have ''(at least a '''minor)''''' '''reversals''' (''Opening Reversal, indicating the end of the trend from the open''), which also 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>. | * '''80% of days''', the market opens have ''(at least a '''minor)''''' '''reversals''' (''Opening Reversal, indicating the end of the trend from the open''), which also 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>. | ||
*'''50% of days''', the market has a '''major reversal''' on the open, 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>. | *'''50% of days''', the market has a '''major reversal''' on the open, 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 e.g. parabolic wedge). Examples can be found here: [[Encyclopedia:Sell Climax on the Open, Then Reversal Up]]'' | **''For it to become a successful reversal, '''the single most important thing to look for is''' '''whether the initial move is climatic''' (for e.g. parabolic wedge). Examples can be found here: [[Encyclopedia:Sell Climax on the Open, Then Reversal Up]]'' | ||
**''If it is to become a successful reversal, take bear case as example, it usually starts with a Double Bottom(or DT) or Wedge Bottom(or WT). This also means that if the initial move is not clearly climatic, traders should look for strong patterns like DT or Wedge Top at resistance (for e.g. HOY/LOY) after a good gap up.'' | **''If it is to become a successful reversal, take bear case as example, it usually starts with a Double Bottom(or DT) or Wedge Bottom(or WT). This also means that if the initial move is not clearly climatic, traders should look for strong patterns like DT or Wedge Top at resistance (for e.g. HOY/LOY) after a good gap up.'' | ||
**''When the context is right, the chance of a successful reversal can increase to '''60% or higher'''. For e.g. if the open has a very strong selloff for 18 bars, and market forms a possible consecutive parabolic wedge bottom, and there is a huge bear bar late in the bear trend, there is 60% chance of a successful bull reversal or one more leg down and then reversal. See example in [[Gap Up and Sell Climax, Then Reversal Up]].'' | **''When the context is right, the chance of a successful reversal can increase to '''60% or higher'''. For e.g. if the open has a very strong selloff for 18 bars, and market forms a possible consecutive parabolic wedge bottom, and there is a huge bear bar late in the bear trend, there is 60% chance of a successful bull reversal or one more leg down and then reversal. See example in [[Gap Up and Sell Climax, Then Reversal Up]]. '''However note that''' while the climactic selling pressure on the open can increase the chance of a strong reversal, it has 60% chance one more brief leg down before reversal up, see [https://www.papals.live/images/thumb/4/49/Screenshot_2023-01-17_at_22-16-41_The_Brooks_Encyclopedia_of_Chart_Patterns_Brooks_Trading_Course.png/1200px-Screenshot_2023-01-17_at_22-16-41_The_Brooks_Encyclopedia_of_Chart_Patterns_Brooks_Trading_Course.png example chart].'' | ||
**''Factors that can '''increase''' the probability of a successful reversal: (which increases the probability that the selloff on the open is some kind of profit taking or vacuum effect v.s. beginning of a strong bear trend)'' | **''Factors that can '''increase''' the probability of a successful reversal: (which increases the probability that the selloff on the open is some kind of profit taking or vacuum effect v.s. beginning of a strong bear trend)'' | ||
**#''yesterday was a bullish day (sign of climactic)'' | **#''yesterday was a bullish day (sign of climactic)'' | ||