medium · Volume Profile Analysis auction-market-theory
In the context of Initial Balance (IB), if the IB high is a 'poor high' (flat with no excess), what is the statistical probability of a range extension?
- Low, because a poor high indicates that buyers have completely exhausted themselves.
- High, because the market has not yet found an unfair price to reject the advance.
- Zero, as poor highs always lead to a Normal Day session type.
- It depends solely on the Delta of the first 30 minutes.
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