O.R.B. by weekday

Every day of the week can be different in terms of trading. That's why it's helpful to see each weekday separately and how it affects the ORB. lets take a look at es futures ny session as an example :

Thursdays turned out to be the best day to look for double breaks with a whopping 80% chance of this happening ! its also important to note that in this example no breaks is extremely unlikely no matter what day of the week it is.

why ORB (opening range breakout) matters:

the 15min opening range is an important benchmark for the morning sessions. many traders pay attention to the 15min ORB to create bullish or bearish trade ideas.

you can view this report as a refined measure of volatility in the mornings with a directional bias.

you can also use this report with options strategies as well, like straddles, which rely on volatility.