A two-sided RTH auction between meaningful higher-timeframe structures, with conditional areas of interest above and below.
Overnight buyers traversed the thinner lower composite into the distribution above. RTH opened higher out of range after Thursday’s balance, with the 10D, 20D and Monthly VPOCs in focus. The next test was whether buyers could sustain further progress.
That continuation did not develop. The rotation lower stalled at 7653.25, where the session low aligned with a major LVN. Failure to accept beneath it preserved the route back into the distribution, establishing the downside mean-reversion pivot.
RTH resolved into two-sided trade between meaningful HTF structures. Acceptance through 7679.00–7686.00 opens a path through 7690.00 and the untouched 7696.00 nVPOC toward the 7704.00–7712.00 LVN zone. Each intervening reference tests the advance.
Below 7653.25, the untouched 7650.00 nVPOC and 7644.00 HVN precede the major 7620.00–7630.00 LVN zone and gap completion. Sustained selling is required to complete that traverse. Rejection at a price check keeps mean reversion into the distribution in play.
