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Old 04-09-2007, 07:45 PM
weiwei weiwei is offline
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Re: How do you determine a breakout from a false breakout?
Vladv,

NR7 means narrowest range day for the pass 7 day. In trading this usually mean the next day has very good chance to be a big range day or trending day.

From my own experience, usually there may be a chance that the next day is also a NR7 day, but market will not stay in this contraction for long.

So if market end up with a NR7 day, then expect a bigger range day coming.

weiwei

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