medium · Volume Profile Analysis reference-levels-migration

Which of the following describes 'Value Migration' in a bullish context?

  1. Price drifting higher while traded volume stays packed at lower levels.
  2. The Point of Control holding at one fixed price as total volume keeps rising.
  3. The deliberate narrowing of the Value Area from the standard 70% down to a tighter 60%.
  4. Successive daily Value Areas opening and closing higher than the previous day.

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