hard · Volume Profile Analysis
A trader is analyzing a 'Buying Tail' on a TPO profile. The tail consists of 4 single prints at the very bottom of the session range.
What does this indicate about the auction at those prices?
- The session is likely a 'Non-Trend Day' with no conviction.
- Responsive buyers stepped in aggressively to push price back toward value.
- The market has found a 'Poor Low' that will likely be retested.
- Initiative sellers are liquidating their positions at the lows.
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