medium · Volume Profile Analysis profile-shapes
During an ES session, price rallies from 5,625 to 5,635 in the first two hours, building a value area from 5,628 to 5,634 with POC at 5,631. In the next hour, price falls back to 5,617, pauses briefly, then rallies to 5,645 and holds above 5,638. A second value area is forming between 5,638 and 5,648.
Looking at the resulting volume profile, what profile shape is developing and what does it imply?
- A single normal distribution is forming with POC drift; no directional conclusion can be drawn
- A split or double distribution is forming; the lower cluster near 5,631 and the upper cluster near 5,643 are separated by an LVN around 5,617 to 5,637, implying an upside auction relocation
- A b-shape is forming; the lower cluster will absorb the upper cluster within the hour
- A trend day is confirmed because price moved more than 10 points; the profile shape is irrelevant
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