Wednesday’s social media post… for those who missed it:
The link: Market Open Traps – 2
Here’s the “text-book” concept:
The opposite applies as well. Price approaching a level of significant support, breaking lower just prior to or immediately after the open, and then smashing higher and trapping any SHORTS in a losing position.
The trade is of course a YTC Price Action Trader BOF Setup. With the unique twist in that it occurs right at the market open. Again… and again… and again.
Let’s look at the charts.
The original social media post referred to opportunity in NQ and ES.
The concept is not solely for these markets. It applies to all markets which have dedicated “day session” timings. Have a look for similar opportunity in your market.
PS. Related links: