Open Rejection Reverse ORR

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Definition of 'Open Rejection Reverse ORR'

This is a Market Profile Opening Type.

An Open Rejection Reverse (ORR) happens when the market attempts to continue in a prior direction and is met with heavy opposition which causes a strong move in the opposite direction. This is like an Open Drive, but it has hit an area that did not meet with acceptance.

Other Market Profile Opening Types:

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