16. "Price Action Range Breakout in Stock Market History | Complete Course | Lesson -16"

Описание: #wdgann #goldenratio #technicalanalysis #Trading #optionstrading #crypto #forex
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16. "Price Action Range Breakout in Stock Market History | Complete Course | Lesson -16"

This video explains a unique approach to *Opening Range Breakout (ORB)* in stock market trading, distinguishing it from traditional methods that rely solely on the first candle of the day. This specialized technique, associated with the *Golden Ratio Profile**, utilizes **price action* based on the day's first positive and negative candlestick patterns to define a trading range. Although traders typically use ORB to enter trades, this source clarifies that this specific range is primarily used for *identifying the overall market trend* (positive or negative) and *not for direct trade entries**. Instead, all actual trades should adhere to the **rules of an "Intraday Trade Setup"* discussed in a separate video, and the speaker recommends applying these rules to *in-the-money Call and Put options* for increased effectiveness. The range is established by setting lines at the highest point of the first negative pattern and the lowest point of the first positive pattern encountered.