medium · Volume Profile Analysis auction-market-theory
What is the primary characteristic of an 'Open Rejection Reverse' (ORR) compared to an 'Open Test Drive' (OTD)?
- The ORR only occurs on low-volume 'Non-Trend' days
- The initial move in an ORR is a more sustained, 'convincing' move that eventually fails
- The ORR requires the price to stay within the Initial Balance for the entire session
- The ORR never probes a prior-session reference level
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