30yr IB-Range High: Hold Short

The Initial Balance (IB) Range is defined by the first two brackets of the session, following the open. This means the daily IB Range corresponds to the first hour of trading (2 × 30-minute periods) after the Open.

The High (IBH) and Low (IBL) of this range often act as key breakout levels and support/resistance zones throughout the day—until they are definitively broken or held.

It’s important to closely monitor the development of the IB during the first hour and observe how price reacts to its High and Low. These reactions can offer valuable insights into the likely direction of price action for the rest of the session.

A simple way to use this concept is to watch how price interacts with the IBH or IBL after the first hour. If price is rejected at these levels, expect similar behavior on the next test—often with a small 1–2 tick violation of the level.

As with any support/resistance setup, the strength and validity of these levels should be confirmed using additional information, such as orderflow or price action.

30yr US Treasury Bond Day session Initial balance range

1. During the Open (A) period, price moved up to a Virgin POC level and established the high of the Initial Balance (IB) Range.
2. In the second 30-minute period (B), price retested the high of period A but was rejected, keeping the IB range intact with no expansion.
3. In the next 30-minute bracket (C), price tested the IBH again and failed to break out, exceeding it by only 1 tick.
4. Price then retraced to the high of the overnight (Globex) session.
5. On the Footprint chart, it was clear that sellers aggressively defended the IBH, absorbing buying pressure. There was virtually no buying interest above this level. Around 9:45, aggressive selling pushed ZB down by 6 ticks, without any notable size trading at the Ask.

The information provided on this page is for informational and educational purposes only and should not be construed as advice or a solicitation to buy or sell any security. Please refer to our Risk Disclosure Statement for further information.

Last updated: March 23, 2025 at 9:33 am

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