medium · Volume Profile Analysis auction-market-theory

A session has a 'Normal IB' width and is currently in a 'Normal Variation' day. Price has extended 120% beyond the IB high and volume is tapering off.

What is the structural expectation for the close?

  1. A rapid flush back through the IB to test the IB low.
  2. A 'Trend Day' acceleration that doubles the current range.
  3. A stall and possible minor retracement, closing near the new high.
  4. A 'Double Distribution' break toward even higher prices.

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