Opening Range: Definition, How It Works, And Example
Summary:
The opening range (OR) plays a pivotal role in day trading, providing insights into market sentiment and potential price trends. Let’s delve into the nuances of the opening range and its significance for traders.
What is the opening range?
The opening range is a critical metric, capturing a security’s high and low prices within the initial fifteen minutes of the trading day. This brief timeframe holds significant weight for day traders who rely on it to discern market sentiment and forecast potential price movements.
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