What is the opening range?
The opening range is the high and low price set during the first part of the trading session, often the first 5, 15 or 30 minutes. Opening range breakout (ORB) traders watch for price to break out of that range.
How to spot it
- 1Choose your window (5, 15 or 30 minutes).
- 2Mark the high and low of that window.
- 3Watch for a candle that closes outside the range.
- 4Volume on the break and room to the next level matter.
Common mistakes
- ✕Trading ranges that are unusually wide.
- ✕Breakouts on low volume.
- ✕Ignoring the overall trend and pre-market levels.
The ORB lens marks the opening range on intraday charts and grades the breakout, volume and room to the next level.
Educational content only. Not financial advice. No pattern or concept guarantees any outcome.
Keep learning
A fair value gap is a three-candle pattern where a strong middle candle moves so fast that the wicks of the candles on either side don't overlap.
A liquidity sweep happens when price pushes just beyond an obvious swing high or low, where many stop orders sit, and then quickly reverses back inside.
In smart money concepts, an order block is the last down candle before a strong move up (bullish) or the last up candle before a strong move down (bearish).
Market structure is the sequence of swing highs and lows.
Support is an area where buying has stepped in before, slowing or reversing declines.
A demand zone is a base that price left sharply upward; a supply zone is a base price left sharply downward.
See it on your own chart
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