OPEN is showing the first meaningful signs of a potential trend reversal after weeks of controlled selling. Price has finally pushed back above the micro-range and is attempting to reclaim the $7.00 zone, which marks the beginning of a structural pivot on the 15-minute chart.We’ve now seen a Break of Structure (BOS), early CHoCH signals, rising volume, and the EMAs beginning to curl upward — all classic signatures of a bearish cycle ending and a bullish cycle beginning.
If buyers continue stepping in, this move has room to expand.
Technical Overview
Support Levels:
[] $6.70
[] $6.55 (major demand + must hold)- $6.40
Resistance Levels:
[] $7.22 (first reaction level)
[] $7.52 (EMA cluster + supply zone)
[] $7.90 (strong high)
[] $8.43
[] $9.19
[] $9.48 (full structure flip level)
Structure:
[] Multi-day downtrend channel still intact, but breaking
[] Fresh BOS + multiple CHoCH signals
[] EMAs compressing and curling upwards
[] Micro higher-low formed at $6.55
Momentum:
[] RSI rising from oversold levels
[] Volume rotation from distribution → accumulation- Buyers stepping in aggressively at the lows
Trend Bias:
[] Bullish above $7.00
[] Strongly bullish above $7.22
As long as
OPEN holds above $6.55, this reversal structure remains valid.A confirmed breakout above $7.22 opens the door to $7.52 → $7.90 → $8.43, with broader reversal potential toward $9.19–$9.48.
A breakdown below $6.55 invalidates the setup.
Sector Context
Opendoor continues to trade as a high-beta real estate tech play with strong correlation to mortgage rate volatility and risk-on sentiment. When risk rotates back into mid-cap growth,
OPEN historically shows outsized percentage moves — which aligns with the early reversal signals showing up on the chart now.💡 My Plan
Entry Zone: $6.70–$7.05 (only on strength)
Targets: $7.52 → $7.90 → $8.43
Stretch Target: $9.19 → $9.48
Invalidation: Close below $6.55
OPEN is showing early reversal behavior after a prolonged down move. If buyers maintain control above $7.00, this could be the beginning of a larger trend shift into December.Drop your thoughts ⬇️ and I’ll post a MyMI follow-up with updated price targets.
PLTR 
SOFI $Z 
CVNA액티브 트레이드
We entered OPEN at $6.51 looking for a reversal going into the close. We expect relief trading from the NVIDIA Earnings push up and then the fall. Overall, the markets pulled back even further than we expected, shorting the 
QQQ since first thing this morning. As we saw the Q flattening going into the end of the close, we bought positioned in what we were targeting and taught were great entries based on or support levels. OPEN closed and fell to $6.03 in the premarket. With Friday closing up the week, we expect a relief trade in stocks going into the close tomorrow. Still targeting above $7 on this one.
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관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.