hard · Volume Profile Analysis profile-anatomy
A session profile forms a symmetric D-shape (single, rounded distribution) with VAH=1520, POC=1512, VAL=1504. The next session opens at 1522, immediately above the prior VAH, and after 90 minutes has failed to trade back below 1518, with new value building entirely above 1515.
What does this open-above-value combined with the failure to re-enter the prior day's value area indicate about auction control?
- Initiative buyers are in control, confirmed because the market rejected a return into yesterday's accepted value.
- Responsive sellers are in control, since the open is a classic sign of an unsustainable, one-tick overextension.
- The market is balanced, because the new value area's lower edge of 1515 still overlaps yesterday's VAH of 1520.
- No directional conclusion is possible until the full Initial Balance range for the new session is established.
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