hard · 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?

  1. A single normal distribution is simply forming with ordinary POC drift over the session, so no directional conclusion of any kind can responsibly be drawn from the profile shape
  2. 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
  3. A bearish b-shape is forming on the developing profile; the lower volume cluster sitting near 5,631 will inevitably absorb and overwhelm the thinner upper cluster well within the next trading hour
  4. A textbook trend day is already confirmed simply because price has traveled more than ten handles, which means the resulting profile shape carries no analytical relevance at all

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