What the Market Open Tells You?The information provided near the open can help trader understand ranging, trending, sedate, or volatile.
Open Market Tell You About: Volume- The opening volume in the morning is always high compared to the rest of the day.
Gaps & Internation Market- Aggressive moves in these markets provide insight into what is possible as the stock market opens.
Confirmation of Moves- A trader wants to be able to get some insight into whether an early market move is sustainable or if it is likely to tucker out.
Technical Levels- Before the day even begins, a trader should draw support and resistance lines, including horizontal lines and trendlines.By drawing the support and resistance lines beforehand, a trader will have a better understanding of how the day is likely to unfold when trading begins.
If a trader analyzes these information closely, he will gain insight into whether the day is likely to be flat, trending, volatile, or sedate.
Join Beginners Signal Group
Subscribe To My Youtube
Telegram Direct
