hard · Volume Profile Analysis reference-levels-migration
During a London session for EUR futures, a 30-minute bar reaches a new high at 1.08620 and closes at 1.08540, with the overwhelming majority of the session's volume transacted between 1.08535 and 1.08545, and very little volume at the 1.08615 extreme. Volume is 3.1 times the rolling average.
How does the volume profile of this bar characterize the zone at 1.08615?
- An HVN at 1.08615 that will attract price on the next session's open
- The POC of the bar at 1.08615 because that is where the session's highest price transacted
- A Low-Volume Node at the extreme of the bar, indicating price was rejected there and the market's fair value for that bar lies well below the spike high
- A single print that the market will immediately gap-fill on the next bar
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