medium · Volume Profile Analysis auction-market-theory
A market opens at 1.0850, which is 10 pips above the previous day's Value Area High. In the first 15 minutes, price probes downward to 1.0842, testing the edge of the prior value area. Heavy volume prints at 1.0842, but price immediately snaps back above the opening print and begins a sustained move toward 1.0880.
What specific opening type has occurred?
- Open Rejection Reverse
- Open Drive
- Open Auction
- Open Test Drive
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