easy · Volume Profile Analysis auction-market-theory
A trader is analyzing a 'Buying Tail' on a TPO profile. The tail consists of 4 single prints at the very bottom of the session range.
What does this indicate about the auction at those prices?
- The session is likely a low-conviction 'Non-Trend Day' lacking range.
- Responsive buyers stepped in aggressively to push price back toward value.
- The market has carved out a 'Poor Low' that will very probably be retested soon.
- Initiative sellers are steadily liquidating their open positions down at the lows.
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