Although the 80% took effect two things did not happen. 1 - price did not hold and 2. price did not reach the VA high.
We need to provide context when taking profit. I closed the trade at the point of large volume, not the defined red line. Volume always provides truth; not lines.
The IB range is slightly larger at 30 points and price opened in previous range which could mean a higher rotational day which befits short time frame traders and not much participation from the initiative traders. Perhaps once short time traders finish auctioning we could see a further price rise
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