medium · Volume Profile Analysis auction-market-theory
A session extreme in ES has four TPO periods (letters) touching the exact same price at 5,650 without being able to extend further. The Volume Profile shows elevated volume at that price.
Is this extreme structurally valid?
- Yes, the 'Point of Control' has now shifted to the extreme, confirming fair value.
- Yes, it is a 'Strong High' because it defended four separate attempts.
- No, it is a 'Poor High' and is likely to be broken in the near future.
- No, it is a 'Failed Auction' because price only reached 5,650.
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