medium · Volume Profile Analysis auction-market-theory

Which specific condition defines a 'Neutral Day' in Market Profile terminology?

  1. The session Value Area overlaps 100% with the previous session's Value Area
  2. Both the high and the low of the Initial Balance are broken during the session
  3. Total buying delta is exactly equal to total selling delta throughout the session
  4. The Point of Control and the VWAP are at the exact same price level at the close

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