WickCheck / Trading school / Daily open
Daily openIntermediate
The opening price of the trading day, used as a bias reference.
What it means
Many models only buy below the daily open on bullish days. WickCheck uses the New York day (17:00 New York) for daily candles.
How to spot it
- Line at the first price of the trading day.
Common mistakes
- Mixing broker day opens with New York day opens.
Related terms
Midnight openThe price at 00:00 New York time, used by ICT as the daily reference for premium…Power of 3 (AMD)The idea that a daily or session candle forms in three phases: accumulation, man…Previous day high and lowYesterday's high and low, two of the most watched liquidity levels of the tradin…
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Education only, not financial advice. Definitions vary between teachers; these are ours, written for clarity.