medium · Volume Profile Analysis reference-levels-migration

A trader overlays the prior week's composite profile on the current week's developing profile for ES futures. The prior-week profile shows a POC at 5,500 and a VAH at 5,545. The current week is only two days old and has its developing POC at 5,552 — above the prior-week VAH.

How should the trader interpret this relationship?

  1. The current week's developing POC above the prior-week VAH is an early sign that new value is being established above last week's accepted range, a bullish profile migration signal
  2. The current-week developing POC at 5,552 is analytically invalid and carries no meaning whatsoever because only two of the week's sessions have accumulated volume so far
  3. The prior-week VAH at 5,545 will act as a fixed magnet that mechanically pulls price right back to that exact level by the close of the current week no matter the developing POC
  4. The two POCs from the prior week and the current developing week will always converge to one identical price level by the end of the current week as composite value finally stabilizes

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