1/ Motivated by this fantastic thread, I did some research on #ES based on the past 90 (calendar) days. I focused on the stats that matter to me, so you'll find fewer data points than on the original thread.
2/ Chances of HOD or LOD being greater than 30m OR:
76.56%
Chances of HOD and LOD being greater than 30m OR:
20.31%
3/ Chances of HOD or LOD being greater than IB:
87.50%
Chances of HOD and LOD being greater than IB:
6.25%
4/ Chances of RTH HOD or LOD being greater than ON Range:
76.56%
Chances of RTH HOD and LOD being greater than ON Range:
18.75%
5/ Summary:
Going for the breakout of the 30m OR has the bigger chances, overall, than going for a reversal.
If one end of the 30M OR has been broken, chances are rather small that the other end will be broken as well.
6/ If one end of the IB has been broken, chances are very slim that the other end will be broken as well.
If either the ONL or ONH has been broken, chances are rather small that the other end will be broken as well.
7/ Next step is to dig deeper and try to find more interesting stats but I wanted to share the current status in case this can be of any help to others.
Have a great week!
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