medium · Volume Profile Analysis auction-market-theory
If price approaches a 'Naked POC' from four sessions ago at $1.3650, and the trader observes a 'Buying Tail' forming on the 30-minute chart just below that level, what does this suggest about the magnetic pull of the nPOC?
- The nPOC will almost certainly be fully filled within 5 minutes
- The nPOC has by now lost essentially all of its prior structural value
- Aggressive initiating sellers are firmly driving price toward the nPOC target
- The nPOC is acting as resistance and the auction is completing below it
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