medium · Volume Profile Analysis auction-market-theory
On a trend day down, the TPO profile is elongated (tall and thin) with a small point of control near the upper third and a long tail of single-print TPOs extending down to the low. A reader wants to use this profile to anticipate the NEXT session's behaviour.
Which use of the single-print tail is most consistent with auction-market theory?
- The single prints mark levels of strong acceptance that should act as durable support if revisited
- The single prints define an area the market moved through too fast to auction fully, so a revisit is likely to be rapid and offers little dependable support
- The single prints are noise from low overnight volume and carry no information for the regular-session auction
- The single prints mark the fairest prices of the day and should become the next session's value area
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