hard · Volume Profile Analysis
In a 'Reversal Day' scenario on the DAX, the morning session shows OTFB (One-Time-Frame Buying) for four periods. In the fifth period, price breaks the prior 30-minute low on a volume spike and the CVD turns negative.
What is the confirmed 'Change of Character'?
- The close of the session at the lows; only then is it a Reversal Day.
- The rejection at the daily high; the wick signals the reversal.
- The break of the fourth 30-minute period's low; the OTFB has failed.
- The fill of the morning gap; the auction is now balanced.
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