Types of Market Prior- Day/Week/Month
Trending Double Distribution Typical Expanded Typical Trading Range Sideways
Distribution
High Price Range Opens Quiet-Tight Wide Initial Balance Moderate Initial Bal. Buyers and Sellers No Volleying of Price
Aggressive market Range Base is Wide Price movement not actively auctioning Before News scenario
Bullish-OpenLow Close Initial Bal – Narrow Responsive strong. Price back and forth No directional
High buyers/sellers push to Both Initial Bal High & conviction
Bearish OpenHigh- create this. Initial Bal Low as Initial Bal is Narrow
CloseLow subject to violation.
Preceded by
Typical/Range/Sideways
Open in Relation to Value & Range
Accept----In Range & In Value----Reject Accept---In Range & Out of Value---Reject Accept---Out of Range & Out of Value---Reject
Market sentiment Initiative Participants Market sentiment Price accepted the Market sentiment Price push back to
hasn’t changed and extend the prior range slightly changed value area leading to clearly changed range.
forms to bigger move forming Must break free from Out of Balance Failed breakout
Risk & Opportunity Low range Initiative Participants
Typical Day, Range Day, Trend Day, DD Day Trend Day, DD Day, Typical Day, Range Trend Day, DD Day Typical Day, Range
Sideways Day. Exp Typical Day Day, Sideways Day. Day, Sideways Day.
Value area Width
Value area- extremely wide Value area- extremely narrow
Market sentiment hasn’t changed rather quiet Market sentiment has changed.
Trade within the extremes of initial balance. Prior was Trading Range or Sideways.
Outcome in an Outside Value Relationship. Breakout from prior range will occur.
Typical Day, Expanded Typical Day, Range Day,
Sideways Day. Trend, Double Distribution or Exp. Typical Day.