As noted inward my recent postal service on book bars, I similar to run into how volatility is coming into too out of markets equally the solar daytime progresses, without having the day's distribution of book distorting that relationship.
We're setting upwards a wide pre-market make going into the open, amongst relatively equal distribution of book throughout (right histogram). Volume at bid has exceeded that at the marketplace offering cost too thence far (bottom histogram), equally we've had problem sustaining prices at the 1098 resistance area. We've moved below the day's volume-weighted average cost (VWAP) some 1091; failure to sustain buying book higher upwards that cost volition target the overnight low.
I'll update the book bar nautical chart afterwards today to illustrate the human relationship betwixt volatility too direction inward the forenoon trade.
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