DAY TYPES
Traditionally the day types are categorised as follows: Normal, Normal Variation, Trend and Neutral.
NORMAL DAY: When 85% or more of the range is defined in the Initial Balance period it is considered as a Normal Day.
NORMAL VARIATION DAY: In a Normal Variation Day, the maximum extension tends to be 2x Initial Balance and only breaks one side of Initial Balance
TREND DAY: A Trend day is defined when market participants extend the range beyond 2 x Initial Balance and only breaks one side of Initial Balance.
NEUTRAL DAY: In a Neutral Day, both Initial Balance Low & High are broken, in some cases it can turn into a Trend Variation ( Double or Triple Distribution).
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