Open Test Drive OTD

This is a Market Profile Opening Type.

An Open Test Drive (OTD) happens when the market opens, moves a short distance in one direction and then another trying to advertise for one side or the other to step in. This will usually test a prior key area and then push once it has gained conviction that nobody is left to oppose it.

With the OTF the traders have tested both directions and determined a fixed direction based on little or no resistance in that direction.

Other Market Profile Opening Types:

• Open Drive

• Open Rejection Reverse

• Open Auction In-Range

• Open Auction Out-of-Range