medium · Volume Profile Analysis auction-market-theory
A session opens with a 5-pip gap above the prior day's high. Within 10 minutes, price fills the gap and prints a 'Selling Tail' at the open high. After 30 minutes, the range is 12 pips.
If the session continues to rotate within this 12-pip range for the next three hours, how is the session trending?
- It is a 'Non-Trend Day' (Inside Day), as participation is low and price is trapped in a narrow range.
- It is a 'Neutral-Extreme Day' waiting for a late-session breakout.
- It is a 'Normal Variation Day' with bearish extension.
- It is an 'Open Drive' toward the lower value area.
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