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Do you mean the trends that arise immediately after the opening of the market each day? If so, the timeframe should be 5 / 5/30 minutes ,right?
Yes, only intraday charts have an open. A trend from the open is actually a tight channel so you trade it like one, no matter the time frame.
so you trade it like one
like one what？
Hi Team,
I am trying to understand how to identify the trend at the days open from the perspective of intraday. If the previous days trend is a clear downtrend and if there is a minor gap down and if the candles are bullish(Please see below screenshot/attachment. I have highlighted the section which I am talking about), then do we consider this just as a pullback of previous day's downtrend trend, or do we ignore previous day's price movement and concentrate only on the current day's chart/price.
Please clarify.
Thanks.
Harish
Thanks much for the clarification. Got clarity now on this topic.
Thanks.
