Trader Dale Volume Profile

Price Action
Strategy 2: Open-drive
The open-drive strategy is based on a sudden and strong onesided
price movement. It is very important that the move is onesided.
This means that the price was driven aggressively and
steadily in one direction.
Open-drive occurs most of the time after a sideways price action
(tight price channel), or you can also spot it at the start of a trading
session.
If open-drive occurs after a sideways price action, it indicates that
either strong buyers or sellers were accumulating their positions
in the sideways price action and afterward they started aggressive
buying or selling activity to move the price.
Open-drive is a
beginning of a
sudden and onesided
price
movement
If you spot one-sided price movement at the start of a trading session (Asian, EU or the US), it
gives you an idea what the general direction in this trading session will be.
The most important thing is the place where the strong buying or selling activity started. If
aggressive buyers initiate the open-drive, then the price shoots upwards, and the place
where the strong buying candle opened is strong support. If the open-drive is initiated by
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