Neutral Zone - No trade

13 sept 2017

According to our rules the market is in the neutral zone where the price is trading within the Opening Range bands and the Pivot Range, both of which are overlapping. When this occurs after an A trade, in this case a failed A down trade, the bias then shifts to neutral.

14 sept 2017

Nota

The market made a bullish move out of the neutral zone up to the C value line (yellow) and traded there for a minimum of 15 minutes, half the time of the Opening Range. Therefore a C up trade has been triggered for a long position with the stop loss being placed at the D level of a tick below the low of the Opening Range.