A TREND DAY sometimes develops slowly, tricking traders into picking tops and bottoms and betting on reversals that don’t occur.One method of determining a Trend day is to look at market action for meaningful reversals within the first hour of trading. In the first fifteen minutes you very often have a reversal that then runs until 10 am and a reversal at 10. When these don’t occur be alert to the probability that a significant trend will likely occur intraday.
When a gap doesnt fill early it increases the chance of a trend day as well as high volume on the bars in the direction of the market.
Look over some charts for examples of each and make a note of what you learned.
