medium · Volume Profile Analysis profile-anatomy

A session shows 'Excess' at the daily low. What does this indicate about the auction process at that price level?

1. There is unfinished business at the low, and the price will likely return there.
2. Institutional participants are currently accumulating long positions at the bid.
3. The market is establishing a High Volume Node that will act as a magnet.
4. The auction found no participants at lower prices and aggressively retreated.

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