The open over every new bar tells a new story. Above the open, then long, below the short.
Don’t you wish it was this easy? Well, it is!
We sometimes wait x percentage life left in the bar to take action in one way or the other.Normally 50% of the bar’s life is fine.
You will also start to see a pattern you would not otherwise see very well of just how many bar’s in a row the market does trade above or below it’s opener.