I refer to this profile as a "Neutral Extreme Day," characterized by range extensions on both sides of the initial balance range, concluding with a close outside of the initial balance range. An upside continuation is to be expected, hence my focus on 4508; a break and hold below would invalidate this expectation.
Smash would you call today a D shaped profile? b shaped, perhaps?
I refer to this profile as a "Neutral Extreme Day," characterized by range extensions on both sides of the initial balance range, concluding with a close outside of the initial balance range. An upside continuation is to be expected, hence my focus on 4508; a break and hold below would invalidate this expectation.
Is it a "Neutral Day" if the close is back within the IB range?