medium · Volume Profile Analysis trading-strategies

Why is the Open-Rejection-Reverse considered a 'high-conviction' setup for the secondary direction?

  1. It represents the failure of one side's initiative effort and the subsequent success of the other.
  2. It confirms that the institutions involved are relying solely on passive resting limit orders.
  3. It guarantees the session must close at the precise extreme price of the reversal swing leg.
  4. The Initial Balance range it prints is typically about twice as wide as a standard Open Auction day.

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