outside day by weekday

every day of the week can be different in terms of trading. That's why it's helpful to see each weekday separately and how it affects outside days. lets take a look at es futures ny session as an example :

it turns out Tuesday has the highest chance for a bullish outside day reversal back down and bearish outside day continuation down with 80% & 75% chance of happening ! this was the only day with such favorable statistics.

why outside day by weekday matters:

recognizing outside days is critical for anticipating market behavior. this report shows the probability of a market reversal or continuation, allowing you to adjust your strategies for potential reversal or continuation setups. when an outside day is identified at the market open, the report can guide expectations for the trading day, helping to decide whether to look for trades that capitalize on a reversal back into the previous day's range or continuation in the direction of the open.