Expanded Typical Day
Last updated
Last updated
Similar to the Typical Day, it usually begins the session with early directional conviction. However, price movement at the open is not as strong as during a Typical Day.
The initial balance is wider than that of a Double-Distribution Trend Day but not as wide as that of a Typical Day. Hence, it is susceptible to a violation later in the session.
Eventually, one of the day's extremes is violated, and price movement is seen toward the break, which is usually caused by initiative buying or selling behavior.
During an Expanded Typical Day, both the upper and lower boundaries of the initial balance are susceptible to violations. On any given day, you will see one or both boundaries violated as buyers and sellers attempt to push the price toward their perceived levels of value.