easy · Volume Profile Analysis auction-market-theory

An Open Rejection Reverse (ORR) is characterized by which of the following sequences?

  1. A full session of repeated rotations that stay centered on the opening print within a balanced range
  2. A sustained one-directional drive away from the open that never returns to touch the opening price level again
  3. An opening gap that is immediately filled and then settles into a quiet, extended sideways consolidation range
  4. A move in one direction, followed by sharp rejection and a move through the open in the opposite direction

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