Category:MDR

Midday reversal is a reversal in the middle of the day, sometimes exactly at bar 40 or 41, and sometimes leads to opposite trend for rest of day. Note that the start of a MDR does NOT have to be HOD or LOD (though they often are), it can be a lower high for MDRD or higher low for MDRU. For e.g. on 20230922, bar 40-42 formed a LHMTR after the strong bear breakout 27-30 from the WT.