A 3-I day includes an initiative buying tail, initiative buying TPO's, and initiative buying range extension. What makes this characteristic interesting is that prices tend to open within or above value after a 3-I day.
A 3-I day offer traders the opportunity to hold a trade overnight to exit at a profit the next trading day within the initial 90 minutes. In
Mind Over Markets, Dalton mentions that 3-I Day offers a high probabilitytrading setup that almost has to be taken.
I am curious to know different strategies people may use to trade this setup. What I am most interested is hearing about setups that deal with the following days opening action. Thank you.