hard · Volume Profile Analysis
A trader identifies a 'Support/Resistance Flip' at a prior-session Point of Control.
Why does this level frequently reject on a retest?
- The level represents an 'excess' extreme that was never reached by the auction
- Captive participants who were long at the POC seek to exit at breakeven, creating a net supply at that price
- The Point of Control is a Low Volume Node that price always accelerates through
- Algorithms are programmed to only buy at the current session's VWAP
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