medium · Volume Profile Analysis auction-market-theory
If a session is classified as a 'Neutral-Extreme Day' and closes at the day's high, what does this indicate about the upcoming session?
- Directional resolution in the direction of the close.
- A return to the day's POC, since the breakout was false.
- Persistent range-bound chop after both extremes were tested.
- A 'non-trend day' as participants are exhausted.
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