Thread by @sanjufunda

↪️ Opening Range Breakout (ORB):
As clear with name range breakout view after some formation in open or previously as well.
What exactly ORB mean; in formation all type of players entered in market with some view either bullish/bearish/sideways.

https://twitter.com/sanjufunda/status/1471493804347719688

Normally ended with few players win and few loss. So in other word some kind of consolidation happen initially which anyone can relate big volume at initial candle.
There are various different orb setup as well timeframe, all useful but different scenarios.

From 1min to 1day orb possible context. When there is emergency in market then even 1min/3min/5min orb really useful to make decisions. 15/30/60 is most standard orb look out by various ppl but more corelation imp like opening within range or gap or after opening breaking range.

When there is gap up/down then Normally 15 mins formation and breakout important to look which give fair idea about acceptance the gap or fail to hold. Like there is Gapup but low breaking of first 15 mins then fail to hold and likely to test PDH/PDC/PDL.

If continue upside break then can be trendy one sided. Vice-versa for gapdown we normally see so many times price deadcat bounce to PDL/PDC etc imp level.

ORB mostly failed in sideways open and chances of sideways day when price keep rejecting from previous swing High/low or imp decision points. In such conditions normally 1D orb much nee to see, in other word until range not breaking don't take directional.

Otherwise sideways or insider day can kill most of the time. For clear trend always some consolidation context imp with least near by resistance or support.
Few more set-up like open drive when price open insider but after open clearly breaking previous consolidation.

I m trying to keep short info about orb, just keep it for reference and learn more from various places.
ORB just one point as explained key point to watch, there is more points to club it for clear technical.

Thanks for ur read.

Covered info:
ORB info
ORB with gap, open drive and within range behaviour.

Add few topics to learn like initial balance which I normally use in neutral system of mine, please refer old thread pinned in profile.

Gap + ORB continuation example.

Open drive, open inside + rejecting previous range same candle.

Inside day fail orb example.

Gap + ORB opposite break (unable to hold gap). Testing previous day important decision point example.

LUL Price Action. Insider day till now.

Perfect, Both side orb tested, no clear trend for intra.