DOW Opening Range Breakout mode fail
Please view the lower image, TV doesnt allow public 5 min charts.
BOM --> LH DT at High of BOM --> No further upside above gap fill
Could have been run further, expecting a 1:1 measured move down after the 18th BAR BO, however large Swings at open (300 points) --> Higher Probability of TR after 18th BAR BO.
BOM --> LH DT at High of BOM --> No further upside above gap fill
Could have been run further, expecting a 1:1 measured move down after the 18th BAR BO, however large Swings at open (300 points) --> Higher Probability of TR after 18th BAR BO.