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Good question, sulong
Ergo the open price may not have been considered to be all that important (I know the logic here is a stretch and that there may be other possible conclusions). It may also help to keep in mind that W was not about bars but about flow, or "waves" (but you knew that). He was also about energy, and balance, and he would more likely have been interested in who won the daily contest than in what the relative positions of the players were at the beginning of the contest. Whatever follow-through there might be the following day would be told by the high and the low.
All this is just conjecture, though. I'll have to chew on this some more. The answer may be embarrassingly simple. |
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Could the possible answer be that Wyckoff was not about intra-day trading?
erie