hard · Volume Profile Analysis profile-shapes
A session in E-mini Nasdaq (NQ) futures breaks both the Initial Balance high and low. It eventually closes near the middle of the day's range.
What is the classification of this day and what does it suggest about the market participants?
- Reversal Day; this signals that a decisive long-term trend change has occurred.
- Non-Trend Day; indicates an utterly total absence of institutional participation today.
- Neutral-Center Day; indicates unresolved conflict and continued balance into the next session.
- Trend Day; reflects strong directional conviction sustained aggressively on both sides of the auction.
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