🔶️What is NR7 trading strategy?
NR7 trading strategy refers to a technical analysis method that looks for the narrowest range of the seven previous trading sessions in an attempt to identify a potential reversal point.
NR7 trading strategy refers to a technical analysis method that looks for the narrowest range of the seven previous trading sessions in an attempt to identify a potential reversal point.
The idea is that if the price moves within a tight range for several days, it may be ready to make a larger move in either direction. The strategy involves looking for stocks or other financial instruments that have the tightest trading range ...
...(the smallest difference between the high and low prices) of the previous seven days, indicated by an "NR7" pattern.
This information can be used by traders to make buy or sell decisions based on their market outlook and risk tolerance.
This information can be used by traders to make buy or sell decisions based on their market outlook and risk tolerance.
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