After yet another true gap down below yesterday's range, today did what it's been doing a lot lately -- The gap gets faded from the get-go and the herd going with the gap pays the price.
The ensuing balance structure following the A period open drive allowed the astute traders to key in on TICK, volume, and delta to read the buying and selling drying up at range extremes.
Also, extreme sediment readings in the TICK that failed to break price out of the range extreme, also was a significant tell.
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