Normal variation day

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This is the most common of the different day auctions we see in Market Profile. On this day we will see a range extension outside the Initial Balance and often the market continues it’s probe on the same side as the break above Initial Balance and goes to complete it by extending to 2 times the Initial Balance Range ( high to low) and in some cases even 3 times.

 

On a Normal Variation day the first 30 minutes are often spent above/below the previous day’s value area and price seems to suggest a rejection of that value. We also see value built higher/lower  on such days and is a pointer for continuation in the coming sessions.

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