Opening types (1): the drive and the test

Market Profile — Lesson 7 of 12

The first hour forms one of the day’s two extremes in most cases, but the more valuable thing is to know which extreme will hold. The opening minutes often reveal the market’s conviction early. Dalton distinguished four opening types; here we study the strongest.

The strongest openings: an immediate drive that does not return through the open, or a brief test of a known reference that is rejected and flips into a drive the opposite way. Illustrative diagram — not real prices.

The open-drive

07 — Lesson 7 of 12

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