medium · Volume Profile Analysis reference-levels-migration

How should the trader interpret the difference between the composite POC and the most recent single-session POC?

1. The composite POC must simply be wrong because it prints lower than the most recent single session's POC; the correct operating rule in every case is to discard the composite reading entirely and trust only the latest session's POC
2. The gap between 0.6552 and 0.6570 is a guaranteed mechanical fill level, so price is absolutely certain to retrace all the way back down to precisely 0.6552 first before it can ever manage to resume moving any higher again from there
3. The composite POC is always exactly the arithmetic average of the three individual single-session POCs, so the 0.6552 figure here must therefore simply be the plain unweighted mean of 0.6540, 0.6555, and 0.6570 taken together as one single number
4. The composite POC at 0.6552 represents the average volume-weighted fair value across all three sessions, while the session-3 POC at 0.6570 shows where the most recent auction found acceptance; together they confirm an upward value migration

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