easy · Volume Profile Analysis auction-market-theory
If price is currently trading at $5,640 and the session Point of Control is at $5,615, what role does the POC likely play for an intraday trader?
- A rotational magnet if price returns to the Value Area.
- A structural support level that cannot be broken.
- The point of 'excess' where the auction definitively ended.
- A 'cliff edge' that will cause price to accelerate lower.
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