fnz wrote: Thu Jul 04, 2024 1:55 pm Hello everyone, I wanted to clarify, do we take the opening line into account when deciding on a trade?

Yes, if Price is above the open your bias is up, if Price is below the open then bias is down. The open Price Line is a strong level of resistance/support and Psychological level.

Think if the market opens and goes up from the open what is the intra-day trend?

Also if the price is trending up and retraces so a Semaphore appears above the open line it is a very high probability to make a profit if you then buy when the price crosses above the signal line. Of course the opposite applies for down trend.