Notes
- Opening Range (OR) is the price range of the first 30 minutes after the opening of the RTH session, i.e., 9:30 am to 10:00 am.
- Michael will use the opening range for the next three days.
- TGIF setup may, in fact, occur earlier than Friday. This means that the price may begin to retrace as early as Thursday after 1 p.m.
- After the price has expanded and subsequently retraced 20 to 30% of its weekly range, we can expect a sideways market. This occurs because the algorithm has met its weekly target, and no further movement is needed.
NQ - Yesterday’s Opening Range
NQ - Short Trade Opportunities
NQ - Long Trade Opportunity
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