Tuesday, August 4, 2026
Short Covering Rally
46%confidence
Correct
Classification Scores
Balanced Day0.0%
Trend Day68.4%
Expansion Day36.7%
Short Covering Rally80.0%
Liquidity Sweep0.0%
Volatility Compression0.0%
Structure & Risk
Recommended Structure
BEST: BULLISH CALL SPREADS • ✓ CLEAN TREND
Risk Level
High Volatility
Volatility State
Vol Expanding
VIX
16.62
ATM IV
—
Liquidity Regime
NORMAL
Standard dealer hedging dynamics — balanced order book
Structure Worked
Yes
Market Data
Open
7630.62
High
7758.21
Low
7629.10
Close
7736.52
VWAP
7692.96
Net Move
+1.62
Daily Range
129.1
pts
True Range
157.7
pts
ADR
82.9
ATR
100.1
Rel Volume
0.46
x avg
Expansion Ratio
1.56
Initial Balance Analysis
IB High
7678.27
IB Low
7629.10
IB Range
49.2
pts
IB Broken
Yes
Break Direction
UPPER
IB Outcome
IB broke upside — 2x+ extension (1.63x IB range)
Outcome Assessment
GRADE
Correct
Accurate
Yes
Prediction Δ
1.02
Liquidity Score
5.0
Mean Reversion
1.1
Outcome Notes
Session: Short Covering Rally — Confirmed ✓ | Structure: Would have profited ✓ | IB broke upside — 2x+ extension (1.63x IB range) | Actual move: +1.62% | Expansion: 1.56x ADR