easy · Volume Profile Analysis profile-anatomy

In a balanced profile, what does the 'tapering' of volume bars toward the high and low of the session indicate?

1. The Value Area High and Value Area Low boundary locations.
2. That the market is becoming far more liquid at the session extremes.
3. A build-up of resting buy and sell orders staged for an imminent breakout move.
4. Decreasing participation as price moves away from perceived fair value.

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