medium · Volume Profile Analysis auction-market-theory
What is a primary characteristic of the closing price in a confirmed Trend Day?
- It settles right at the session's developing point of control (POC)
- It closes back inside the morning Initial Balance range after probing both extremes
- It mean-reverts and finishes at the session volume-weighted average price (VWAP) line
- It resides within the top or bottom 10%-20% of the total session range.
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