Hi-Lo of Time Opening Range Breakout with Pivot Levels

Toby Crabel would have loved this one! First, what is a breakout? A breakout is a trading pattern that occurs at a previously established point of support or resistance for a trading instrument. Essentially these lines have become the battle lines for bears and bulls and the more they attack it (more volume that is traded at or around these levels) the more the pressure builds at these prices. When the price pushes past the battle line, there is usually an explosive movement in the direction of the break that builds more and more momentum as it pushes away from the line. That is your breakout trade. Opening range breakout is among the most critical indicators of daily market direction that a trader can employ. An opening range breakout is a trade taken at a designated point belo