WTI 2018-11-25 Watching opening price IB for direction

TVC:USOIL   CFDs on WTI Crude Oil
In his book "Secrets of a Pivot Boss", Frank Ochoa walks through the 7 types of market days a session (day) could be. I'm interpreting Friday as a 'double-distributed trending day'. In this type, the market will set some early distribution, drop , then distribute a second time later in the session. The following session could be some type of consolidation which he enumerates through.

One of the market types is an 'expanded typical day' where price has a medium size IB (Based on recommendations from the person who introduced me to these concepts would be the first 2 1/2 hours of trading (first 5 candles on 30 minute chart)) then potentially break above or below it and range remainder of day. Another option could be a 'trading range day' and would be indicative of a large opening IB (initial balance) and then active trading between the range for remainder of session.

There are some items I've noted on the 30 minute chart. First, there is an S4 yearly pivot at the 49.9x level. Second, there is a line where two POC's (fair value) aligned at the 49.1x level (from Q3 & Q4CY17). I think it's these two QTR's and their setup that led to 2018 bull run. Third, on Friday, price touched a POC from Q4CY16. All 3 of these could provide temporary support Monday and the various market types could possible touch them depending on how the IB shapes up.

Daily Chart:

Price could just drop again too into either a 'trending day' or another 'double-distributed trending day' too.

Opening range 96pips. Possible for price to trade in this range today. R3 and S3 range is a possibility too (214pip range). I won't personally trade this; I look more for compressed pivots (R3/S3) but today could be volatile between pivots.
whats the tool/ indicator you used thanks!
mikebiz Wei321
@Wei321, The setup for charts can be seen here:
Wei321 mikebiz
@mikebiz, thanks!
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