medium · Volume Profile Analysis auction-market-theory
On NQ, the morning's Initial Balance spans 20,400 to 20,480 (80 points). In the afternoon, price extends to 20,560 and then retraces back to 20,490 by the close.
How wide is the range extension for this session and what area represents 'accepted' value above the IB?
- Range extension = 80 points; accepted value above IB is 20,480 to 20,560
- Range extension = 80 points; nothing above IB accepted post-retrace
- Range extension = 160 points (full session range); IB is irrelevant here
- Range extension = 80 points; the close at 20,490 confirms only 20,480-20,490
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