Responsive activity was triggered on Friday due to the absence of further downside follow-through. Buyers main objective is to put an end to the daily one time framing down by breaching Friday's high of 4003.50.
Am I wrong about the definition of OTFU/D?
I thought it was an OTFD Ends if it closed above the previous day's profile low. I would like to know the exact definition.
Daily OTFD ends if previous day's high is breached (RTH only).
Am I wrong about the definition of OTFU/D?
I thought it was an OTFD Ends if it closed above the previous day's profile low. I would like to know the exact definition.
Daily OTFD ends if previous day's high is breached (RTH only).