medium · Volume Profile Analysis auction-market-theory

A bullish spike concludes at 151.90. The next day opens at 151.95 and the first 30-minute bar is a 'doji' with a long upper wick.

What is the immediate risk?

  1. Continuation of the initiation move as sellers are trapped.
  2. A Trend Day higher as acceptance has been confirmed.
  3. An 'Open Auction' that will eventually break lower to fill the gap.
  4. A 'Bull Trap' or 'Liquidity Sweep' where the gap higher is being faded.

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