medium · Volume Profile Analysis auction-market-theory
A trader identifies a session that opens with an Open Drive and has a narrow Initial Balance (IB).
What is the statistical implication for the remainder of the session?
- The session is likely to develop into a non-trend day with overlapping value.
- High probability of range extension and a potential trend day.
- The market is likely to establish a symmetric D-shaped profile by the close.
- High probability of the market reverting to the prior session's point of control.
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