easy · Volume Profile Analysis profile-shapes

The E-mini S&P 500 has built a D-shaped balanced profile over the past week with a composite Value Area from 5,605 to 5,615. Price probes to 5,620 — above the composite VAH — on higher-than-average volume and the profile begins building a new node there.

Compared with a low-volume probe above the VAH, why does the above-VAH volume building change the analyst's interpretation?

  1. High volume above the VAH confirms that price will return to the composite POC by end of session
  2. High volume above the VAH indicates value acceptance at the new level, raising the probability that the balance area is breaking to the upside
  3. The volume build above the VAH has no meaning because the Value Area cannot shift intraday
  4. High volume at any level above the POC always signals an imminent reversal

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