medium · Volume Profile Analysis auction-market-theory

During a session, the Initial Balance (IB) range is 12 points. The 20-day average ATR is 27 points.

Since the IB is wide (45% of ATR), what is the statistical probability that the session will close outside the IB range?

  1. 95%–100%
  2. 20%–30%
  3. 40%–55%
  4. 70%–85%

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