hard · Volume Profile Analysis auction-market-theory

A trader sees a 'buying tail' from yesterday at 1.0820 and a 'selling tail' from two days ago at 1.0880. Price is currently at 1.0850 in a balanced 'D-shape'.

What is the most likely structural 'draw' for price?

  1. Price will remain in the current balance (near 1.0850) as the tails represent completed auctions that have been 'flushed'.
  2. Price will gravitate toward whichever session extreme happens to hold the 'Naked POC' that sits closest to the current price.
  3. Price will break out and run to 1.0880 because a selling tail is a structurally 'weak' boundary that price easily absorbs.
  4. Price will sweep down to the 1.0820 buying tail to fill the central single-print 'void' left behind in that prior session.

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