hard · Volume Profile Analysis

A session for Crude Oil (CL) established an Initial Balance (IB) of 2.00. In the third hour, price breaks the IB high and extends by 0.50 in a measured fashion, while volume builds at this new higher level.

Which day type is most likely developing?

  1. Normal Variation Day
  2. Neutral-Center Day
  3. Normal Day
  4. Trend Day

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