MARKET PSYCHOLOGY & PRICE ACTION -WHEN OPEN=HIGH
1] When Price is Open=high and also below pivot level, and rejected from previous day close.
2]Also broke Previous day low with strong candle- Indicates (bear are strong) bearish view and can go aggressively bear side.
3] When price gets rejected from previous day close, it stay bear side and less chance of reversal (week Bull) when it break Previous day low (strong bear)
2]Also broke Previous day low with strong candle- Indicates (bear are strong) bearish view and can go aggressively bear side.
3] When price gets rejected from previous day close, it stay bear side and less chance of reversal (week Bull) when it break Previous day low (strong bear)
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