hard · Volume Profile Analysis profile-anatomy

Day 1 closes with VAL 100 / VAH 110 and a 'poor low' (a single-print tail with no rotation) at 99. On Day 2, price opens inside Day 1's value, probes down to 99.25 without printing a new single-print low, then rotates back up on rising volume to close with a Value Area of 103-112 (Overlapping-Higher versus Day 1).

What is the most defensible read of this two-day sequence?

  1. Responsive buyers defended the poor low, and the higher value migration confirms acceptance building above it.
  2. The poor low is now fully confirmed and must be revisited again before any higher migration can be trusted as valid.
  3. The profile is developing a b-shape, since heavy volume is building beneath the prior day's value area.
  4. This is a balanced, purely rotational two-day sequence because the value areas simply overlap between the sessions.

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