medium · Volume Profile Analysis profile-anatomy
In the context of 'Excess' vs. 'Poor' extremes, a session low in GBP/USD is formed by three identical 30-minute prints at 1.2640. This is followed by a 15-pip rally.
Why is this low considered structurally 'weak'?
- Because the volume traded at the 1.2640 print was simply too thin to qualify as a High Volume Node.
- Because the session's Initial Balance was too wide, which prevented any further downside range extension.
- Because the lack of 'excess' (single prints) at the low suggests the auction at that price is unfinished.
- Because the subsequent 15-pip rally was simply too small in scale to constitute a true Change of Character (CHoCH).
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