medium · Volume Profile Analysis auction-market-theory
In a 'Normal Variation Day', the 'range extension' beyond the Initial Balance (IB) often leaves behind single prints.
If these are 'filled' later in the same session, what is the most likely outcome?
- A bullish 'P-shape' profile is forming on the session chart, which clearly indicates a strong breakout to the upside.
- The market is likely rotating back into the IB range, signaling a transition to a Neutral or Balanced Day.
- Institutional sellers are now 'trapped' above value and a violent short squeeze is imminent.
- The directional trend is accelerating and will likely double its range by the closing bell today.
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