medium · Volume Profile Analysis reference-levels-migration
A trader notices that CL (crude oil futures) closed Monday with a session POC at 78.40. Tuesday and Wednesday both traded above 80.00 without touching 78.40. On Thursday, price sells off rapidly and tags 78.40 before reversing to close at 79.20.
What has occurred with the Monday naked POC?
- The naked POC has been confirmed as a long-term resistance level and should be monitored for additional tests
- The naked POC has migrated upward to match the current session POC
- The naked POC has split into two separate high-volume nodes flanking 78.40
- The naked POC has been tested and is now considered 'filled'; it loses its primary naked status as a magnetic reference
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