An
open auction outside range occurs when the market opens above or below the prior day's
trading range and trades with little to no directional conviction. The market continues to auction around the opening price until there is enough information or conviction to break from
balance.
This type of opening suggests that, despite the market's position away from the most recent day's
range, there is a temporary market consensus regarding fair prices. With regard to strength and conviction, only the
OAIR is a weaker
opening types than the
OAOR.
This article is a
stub. Please edit the article to improve it and add additional details.
placeholder
