Open Rejection Reverse (ORR)

Definition

Open Rejection Reverse (ORR) in plain English

Remember the 'opening print' is the day's first traded price. An Open Rejection Reverse starts like a move in one direction — say price ticks up — but the crowd quickly refuses those higher prices ('rejects' them), and price flips around and drives back the OTHER way, crossing all the way back through that opening print. It's like a store raising a price at open, seeing zero buyers, and slashing it below the original tag within minutes. That fast fake-out-then-reverse often signals the true direction is the OPPOSITE of the first little move.

Learn these first

• Break-even stop
• True Range (TR)

Related Volume Profile Analysis terms

• Ask
• ATR (Average True Range)
• Auction Market Theory
• Below value
• Bid
• Break-even stop
• Buying tail
• Day type
• Excess
• Excess high / Excess low