medium · Volume Profile Analysis auction-market-theory

A trading session establishes an Initial Balance (IB) between 5620 and 5630. During the mid-morning, price extends to 5635, but fails to hold and subsequently falls to 5615 before the close.

How is this session classified according to Auction Market Theory?

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

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