OPENING RANGE BREAKOUT STRATEGY EXPLAINED

Opening range breakout trading is an interesting concept. Several traders have asked us how to take advantage of the opening range breakout strategy and if it is a good option. So, we decided it requires a separate discussion. Image
What Is Opening Price And Why It Is Important?

To understand the opening range breakout strategy, we must clear our understanding of the opening price of the day.

Often the opening sets the mood for trading for the day – uptrend or downtrend.
Key Understanding

🔖 The beginning hour of the trading day is the most active and dynamic period. The opening hours sets the sentiment of the market

🔖 You can make the most money during the opening hour, but it is also volatile
🔖Without a trading strategy, you run the risk of losing money

🔖Opening chart breakout is a critical chart pattern that studies the important reversal and continuation patterns

🔖The chart captures move or reversal during the first hour Image
Get the full article & learn more trading concepts

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Mar 12
Inside bar trading strategy is a popular trading strategy among traders.

𝗔 𝗧𝗵𝗿𝗲𝗮𝗱 🧵 𝗼𝗻 𝗜𝗻𝘀𝗶𝗱𝗲 𝗕𝗮𝗿 by @me__kaushik

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📍What is Inside bar?

An Inside bar means the high and low of the baby candle is completely within the high and low of the Mother candle.

The image below is an example of an inside bar where we can see the baby candle is completely inside the Mother candle. ImageImage
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Inside bars can be traded in trending markets in the direction of the trend.

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Stock Chart Patterns ↗️↔️↘️

If you #LIKE then also #Retweet please

Stock chart patterns often signal transitions between rising and falling trends.

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Since price patterns are identified using a series of lines or curves, it is helpful to understand trendlines and know how to draw them. Trendlines help technical analysts spot support and resistance areas on a price chart. Image
A chart pattern is a shape within a price chart that helps to suggest what prices might do next, based on what they have done in the past. Image
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History:
Some of the earliest technical trading analysis was used to track prices of rice in the 18th century. Much of the credit for candlestick charting goes to Munehisa Homma (1724–1803), a rice merchant from Sakata, Japan who traded in the Ojima Rice market in Osaka

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Formation of the candlestick:
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In Technical Analysis, a candlestick pattern is a movement in prices shown graphically on a candlestick chart that some believe can predict a particular market movement.

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@valuelevels @TradingView_IN History:
Some of the earliest technical trading analysis was used to track prices of rice in the 18th century. Much of the credit for candlestick charting goes to Munehisa Homma (1724–1803), a rice merchant from Sakata, Japan who traded in the Ojima Rice market in Osaka

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@valuelevels @TradingView_IN Formation of the candlestick:
Candlesticks are graphical representations of price movements for a given period of time. They are commonly formed by the opening, high, low, and closing prices of a financial instrument.

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Read 11 tweets
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In Technical Analysis, a candlestick pattern is a movement in prices shown graphically on a candlestick chart that some believe can predict a particular market movement.

thread 🧵 👇 with
@valuelevels
&
@TradingView_IN

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History:
Some of the earliest technical trading analysis was used to track prices of rice in the 18th century. Much of the credit for candlestick charting goes to Munehisa Homma (1724–1803), a rice merchant from Sakata, Japan who traded in the Ojima Rice market in Osaka
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Candlesticks are graphical representations of price movements for a given period of time. They are commonly formed by the opening, high, low, and closing prices of a financial instrument.
Read 11 tweets
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Stock Chart Patterns ↗️↔️↘️

Stock chart patterns often signal transitions between rising and falling trends.

These patterns can be as simple as trendlines and as complex as double head-and-shoulders formations. Image
Since price patterns are identified using a series of lines or curves, it is helpful to understand trendlines and know how to draw them. Trendlines help technical analysts spot support and resistance areas on a price chart. Image
A chart pattern is a shape within a price chart that helps to suggest what prices might do next, based on what they have done in the past. Image
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