medium · Volume Profile Analysis auction-market-theory
A bearish spike is identified between 1.0850 and 1.0830. The next day's 'Initial Balance' forms entirely between 1.0835 and 1.0845.
According to AMT, what is the market currently doing?
- The market is rejecting the spike as it is trading above the close.
- The market is forming a 'Selling Tail' at the spike base.
- The market is gapping lower, indicating a continuation of the selling.
- The market is balancing within the spike, indicating tentative acceptance.
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