medium · Volume Profile Analysis reference-levels-migration
An institutional trader notes a bullish spike on 6E (Euro FX) futures. The market opens below the spike base but above the prior session Value Area High.
How does the 'Acceptance/Rejection' framework classify this opening?
- The market is trending higher as it opened outside of the prior Value Area.
- The market is in a balanced state because it is within the range of the prior day.
- The market is in an Open Drive state as it is gapping away from the POC.
- The market has accepted the Value Area High but rejected the spike.
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