summary: how to use the weekly open retracement report to trade the weekly open as a fade level or target, including the by-spike and by-weekday subreports and how it powers the weekly-open reversal setup.

the weekly open is the price the week opens at — the open of the first candle of the trading week for the session you trade. this report treats that level as a magnet and answers one question: after price moves away from the weekly open, how often does it come back to touch it — and how long does that take?

it's a mean-reversion read, in the same family as gap fill and ICT opening retracement — just anchored to the weekly open instead of a daily close or the midnight open. a high return rate means price tends to drift back to where the week started, so the weekly open becomes a level to fade toward or take profit against.

this is session-specific. the weekly open for NY is measured against the NY session, London against London, and so on. it's also the backbone of the weekly-open reversal setup a lot of traders run on Mondays — price pushes away from the weekly open early in the week, then reverts back to it.

the report splits every week by whether price opened above or below the weekly open, then measures how often each side retraced back to touch it. a high retracement percentage means the weekly open is acting like a magnet — price keeps coming back to it. that gives you a directional read depending on where price is trading relative to the open:

the further price has run from the open, the more room there is for that retracement — but also the more adverse movement you may have to sit through first, which is what the by-spike subreport is for. open the report for the ticker and session you trade to see the current return rate.

how often price returns to touch the weekly open after moving away from it, split by whether the week opened above or below it. this is your base rate — pull it up for the ticker and session you trade to see how reliably the open gets tagged.

for the weeks that did return to the open, how far price first spiked away before turning back. that average spike is the adverse move to plan for if you enter early expecting the retracement. two ways to use it: enter with lighter size and a stop set beyond the average spike, or wait for price to extend roughly that distance and then enter the move back toward the open. a structure-based stop sized a little past the average spike holds up better than an arbitrary fixed one.

the retracement behavior filtered by weekday — useful for timing when the touch tends to happen through the week. watch sample sizes on thinner days and lean on a longer lookback if a given day has few instances.

the core play is treating the weekly open as a fade level and a target. price extends away from it early in the week, and you trade the move back toward it — the weekly-open reversal setup. keep the weekly open drawn on your chart all week so you always know which side of it price is on.

layer the subreports on top: by spike to place the stop and plan the drawdown, by weekday to time the entry. it pairs well with the previous week's range report — the prior week's high and low give you the extremes price is reverting from.

plot the weekly open on your chart so the level is always visible, then trade price's behavior around it. futures, forex, and crypto traders confirm the session in the report matches the session they're trading, since the weekly open shifts with the session.