Typically it closes near the high of the day on a bullish day, vice versa for a bearish day.
Open decline downclose, or open rally upclose
It closes near the extremes typically
This is for when you cant trade london killzone
You dont need the refined london open entries
If you understand IPDA and the daily range, and understand where were coming from on the PD array matrix, are we moving from a discount up into a premium? Or vice versa? Knowing that gives us a directional bias and wether we want to be a buyer or seller.
The daily candle at 0 GMT thats our beginning reference point for IPDA thats true day opening
MNO is true day open
How much lower from an opening will it go before we get an upclose? And how much higher will it go when it is a downclose?
The key is knowing where youre at on the HTF PD array matrix, it has to already respect a discount array its failing to go lower its repelling and the next day we expect very little downside movement
All we need to know if is were likely going higher or lower
We have to see price already respected a daily discount PD array and then the next day you look at 0 GMT opening price