This is Market Profile; An extension of Orderflow. These two profiles together best summarizes my thoughts on the auction. Afterall, it’s just Market Generated Info.
The Profile on the left indicates a large shift in Price. This is indicated by the forming of Single Prints in the structure. Price had left the area very quickly and didn’t allow two-way trade. Closes Higher.
Previous RTH Session (Profile on the right) is a repairing session. This is a form of two-way trade. Sellers had the ball in their court, and it was up to them to define their thoughts on the auction.
Of the outstanding six Single Prints left behind, Sellers closed one of them.
