easy · Volume Profile Analysis auction-market-theory
A trader observes a EUR/USD session where the Initial Balance (IB) is established between 1.0840 and 1.0855. Throughout the mid-session, price extends to 1.0875 but then rotates back to close at 1.0858. The total volume is 1.2× the rolling average.
How should this session be classified based on the range extension relative to the IB?
- Normal Variation Day
- Neutral Day
- Normal Day
- Trend Day
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