Tag Archives: Inside day

Balanced, Inside Day

balanced inside day.

Friday was a balanced, inside day trading contained mainly within the middle distribution of the previous trading session. Possible trade scenarios (barring another gap open) for the next session could be to look outside of either of balance and accelerate, or fail and return within the balance. If look outside of balance and fails the destination trade is the opposite end of the balance.

There are probably lower odds of price staying within the balance. Breaking out of balance, to either side, should have better odds of follow through if price first visits the very wide point of control from Friday at 2061.50 and reverses.

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