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 institutional participants are only using passive limit orders.
3. It guarantees that the session will close at the extreme of the reversal.
4. The Initial Balance range is usually twice as wide as a standard Open Auction.

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