medium · Volume Profile Analysis auction-market-theory

A session Profile shows a heavy concentration of volume at the very top of the range with a thin vertical tail extending below. This shape resembles the letter 'P'.

What does this 'P-profile' typically signify?

  1. Bullish short-covering or aggressive buyers pushing price up, followed by acceptance at the new high.
  2. A 'Double Distribution' day driven by a sharp midday news event splitting volume into two clusters
  3. A balanced rotational session where neither buyers nor sellers establish any clear directional bias
  4. Bearish long-liquidation where sellers seize complete control and force volume down to the bottom edge

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