Wyckoff volume benchmarking / market profile bt analysis board

[jxyzobrien]

market opening
the first hour is called initial balance and the market uses it like a line in the sand. When the market opens inventory, is often too long or too short or mainly balanced. When too long or short 65 pct chance it adjusts inventory. The larger the imbalance the bigger the chance it adjusts. It often takes an hour or 2 to adjust.

The opening fake out is often devious and hard to figure out. The market tries to return to value especially when it gets too far away. So a move can often be just an inventory adjustment and not a trend change.

When a market burns thru buyers or sellers it often 1 time frames.
1 time framing meaning each candle closes above the previous. Your trade is a real good one when this happens. A market often chops for hours and then finally 1 time frames.

A market that 1 timeframes from the opening is often a strong trending market.
A market often 1 time frames then chops for an hour adjusting inventory and then continues on.