medium · Volume Profile Analysis auction-market-theory

What is the expected outcome of a session that opens as an 'Open Drive' but fails to extend the range past the 'Initial Balance' (IB) for the remainder of the day?

1. A 'Normal Day' where the early aggressive move established the day's full range, followed by rotational trade.
2. A 'Neutral Day', because the buyers and sellers were equalized and balanced out cleanly by the closing bell.
3. A 'Trend Day', as the opening drive by itself is the only requirement needed for a trend-day classification.
4. A 'Reversal Day', because the conspicuous lack of any follow-through extension always culminates in a collapse straight down to the session lows.

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