Balanced, inside day in ES following double distribution trend day up

Balanced, inside day in the ES leaving a poor high on the Market Profile chart:

balanced-inside-day-market-profile-chart

Balance trading rules could apply Thursday. If price opens within range potential scenarios are for price to either look above or below the one day balance and accelerate, or fail, or remain balanced near the inside day and upper distribution from Monday.

Acceptance back into Monday’s lower distribution could see price target the low of that balance. Acceptance above Wednesday’s range would have price fill in excess single prints from the March 21st selloff.


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