Trend Day

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The trend day's initial balance is about twenty-five percent of the day's range.  This day structure is rare.  It is dominated by either net buying or net selling. Price moves directionally.  If the market is rallying, new highs attract buying.  If the market is breaking, new lows attract selling.  A trend day will usually close within five to ten percent of its low on a down day, and within the same percentage of its high on an up day.  The following day is typically normal or neutral.

 

See also, Long Black and White Real Bodies.

 

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