medium · Volume Profile Analysis auction-market-theory

A trader identifies an Initial Balance (IB) range of 5610-5620 for the E-mini S&P 500. By 11:30 ET, price has broken out to 5635 and begun to form a secondary high-volume cluster. The total session range remains 5610-5638. Classify this day type.

  1. Normal Variation Day
  2. Normal Day
  3. Neutral Day
  4. Trend Day

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