hard · Volume Profile Analysis
A selling spike ends at 105.00. The next day opens at 104.50 (Rejection).
If the Initial Balance (IB) high fails to reach 105.00 and price breaks the day's low, what is the 'Spike Rule' target?
- The spike's upper extreme
- The next month's High Volume Node
- Exactly 2.0 ATR units below the open
- The prior session's VAL or POC
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