hard · Volume Profile Analysis
A session in E-mini Nasdaq (NQ) futures breaks both the Initial Balance high and low. It eventually closes near the middle of the day's range.
What is the classification of this day and what does it suggest about the market participants?
- Reversal Day; indicates that a major trend change has occurred.
- Non-Trend Day; indicates a total lack of institutional participation.
- Neutral-Center Day; indicates unresolved conflict and continued balance into the next session.
- Trend Day; indicates high conviction in both directions.
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