easy · Volume Profile Analysis profile-shapes
A trader observes that today's Value Area (VAH to VAL) completely overlaps with yesterday's Value Area and the POC has barely moved.
What is the most likely day type?
- Trend Day — value migrates decisively in one direction as price discovers fresh ground
- Spike Day — a late one-directional thrust leaves a spike tail and shifts value
- Balanced or Normal Day — the market is accepting the same fair value as yesterday
- P-shaped Day — short-covering lifts value above the prior session range
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