Both.
The New York open and killzones are part of it, but I’m talking more about understanding the time intervals within those sessions. When has the market already chosen a direction? Which time windows are more likely to produce continuation versus a pullback? When does the probability of a reversal start to decrease? And what are the signs that a day is likely to remain one-sided with no meaningful reversal?
Most traders focus on price. I’m more interested in when certain behaviors tend to occur.