medium · Volume Profile Analysis auction-market-theory
A 'Poor High' is characterized by at least two TPO periods trading at the exact same extreme without a single-print tail.
What does this signify about the auction's state?
- Buyers and sellers have reached a fair, balanced equilibrium
- Institutional sellers stepped in and firmly defended this exact price
- A short-squeeze has now reached its final exhaustion point and peaked
- The auction is incomplete and the level is likely to be broken
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