medium · Volume Profile Analysis profile-shapes
Across five 30-minute periods in a Market Profile session, the profile develops as follows: periods A-B build a range from 5,300 to 5,320 (initial balance); periods C and D extend upward to 5,338 with moderate volume; period E reverses to 5,312 and closes there. On the resulting visible range profile, the upper zone from 5,322 to 5,338 shows very thin volume.
What does this profile shape suggest about the upper extension?
- The extension to 5,338 was accepted; the thin volume there confirms a new High Volume Node is forming
- The thin upper zone from 5,322 to 5,338 is a single-print or near-single-print area — an unsuccessful upside probe that may act as resistance on the next approach
- Period E's reversal is irrelevant because the market always closes above the initial balance on upward extension days
- The profile confirms a Double Distribution Day because price visited two separate levels during the session
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