medium · Volume Profile Analysis auction-market-theory
A trader identifies a 'Poor High' on the E-mini S&P 500 at 5680.50 characterized by 5 TPO periods touching the level without excess. The current price is 5665.00.
If the market rallies back toward the High, what is the most statistically likely auction outcome?
- The level will break and the auction will extend higher.
- Price will stall 2 ticks below and reverse to the POC.
- The auction will balance exactly at the Poor High.
- The level will act as strong resistance and reject price sharply.
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