NQ breaks THIS IB level 72% of the time | initial balance breakout by overnight session | edgeful

Was the overnight session green or red? On NQ, after a red overnight session, price broke only one side of the initial balance (IB) 72% of the time. A double break happened just 17% of the time. In this video I walk through the initial balance breakout by overnight session report, a sub report of the initial balance breakout report. The IB is the high and low of the first hour of the session (9:30 to 10:30 ET in New York, 3 to 4am ET in London, 7 to 8pm ET in Asia). After the IB forms, price can break one side (a single break), both sides (a double break), or neither side (a no break day). This report groups days by whether the overnight session closed green or red, meaning above or below where it opened. Looking at NQ in the New York session over the last three months: after a red overnight session, the IB had a single break 72% of the time. Double breaks happened 17% of the time after a red overnight and 16% after a green overnight. I walk through chart examples of both, including days that were part of that 17%. Then I show how to filter by weekday (Mondays with a green overnight session stand out, but three months is a small sample), how to use the table to see which side of the IB broke first, and how to ask edgeful AI to explain the report in plain language. For six months, one year, five years or more of data, check it on edgeful.com. chapters: 0:00 the IB by overnight session report 0:14 what the initial balance is 0:42 single break, double break, no break 1:59 green vs red overnight session 2:42 red overnight: 72% single break 3:37 double breaks: 17% vs 16% 4:31 weekday filter and the breakout table 5:26 asking edgeful AI about the report have questions? email [email protected] get started: https://www.edgeful.com/?utm_source=youtube&utm_medium=organic&utm_campaign=2026 Disclosure: Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. this information is not trading advice and should be used for educational purposes only. futures, options, and forex are leveraged instruments, and carry a high degree of risk. past results are not indicative of future returns. your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness, and usefulness of the information. futures and forex trading contains substantial risk and is not for every investor. an investor could potentially lose all or more than the initial investment. risk capital is money that can be lost without jeopardising ones' financial security or life style. only risk capital should be used for trading and only those with sufficient risk capital should consider trading. past performance is not necessarily indicative of future results.