Which of the following is NOT a condition of the Two Bar Breakout rules?

The question pertains to the Two Bar Breakout strategy, a common technique used in technical analysis. This strategy typically involves identifying specific conditions related to a security's price action over two consecutive days (bars).

In this context, the correct answer indicates that "Today's close is greater than today's open" does not align with the conditions required for a Two Bar Breakout. The essence of a Two Bar Breakout often includes conditions such as confirming the break above or below the range established by the previous day's high or low.

In opposition to the stated correct answer, the other conditions focus on price relationships that aim to determine breakout points and confirmations necessary for trading decisions. Specifically, the conditions related to today’s high and low being less than or exceeding the previous day's levels are integral to signaling a potential trend change or continuation, while today's open and closure can suggest intraday strength or weakness.

Therefore, the correct choice emphasizes the distinction between the defining concepts of breakout analysis and ensures alignment with proper trading strategies in technical analysis. Understanding these conditions is crucial for effective trading and risk management when employing the Two Bar Breakout approach.