hard · Volume Profile Analysis trading-strategies

During an RTH session, DAX futures have a prior-day value area: VAH 18,320, POC 18,270, VAL 18,220. Price opens at 18,330, above the prior-day VAH. The opening 30-minute volume is light and the developing session profile shows very thin TPO distribution above 18,320. After 45 minutes, price slips back through 18,320 and the session POC has formed at 18,268.

What is the profile interpretation and most likely next significant price target?

  1. Price will immediately resume higher because opening above the prior-day VAH is always a bullish signal that remains valid for the entire session
  2. The light volume and thin TPO distribution above the prior-day VAH, followed by the return below 18,320, indicate a failed auction; the prior-day POC at 18,270 becomes the primary mean-reversion target with the VAL at 18,220 as the next objective if the POC cannot hold
  3. The session POC at 18,268 is the final target; price cannot move below it once it establishes the session POC
  4. The profile cannot provide guidance once price returns to the prior-day value area; only price action determines the next move

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