What are the two chices of a market that is overwhelmingly long/short?

Capsize or capitulate.

The daily checkpoint comes back with no balance: the close back was less than 27 pips from the high/low. There would be an attempt for the continuation. You would see a hourly candle separating from the 8-open-EMA.

If the second or the third candle closes on the other side, the boat was just flipped. Also, look at the 5-min 2.0 30 SMA HL2 ans the 2.5 216 SMA HL2 to get a sense for the prospect sustainability of the continuation move.