The yellow outlined area is in effect a "volume gap" creating an imbalance... It also appears on the daily profile. At some point in time price will revisited this area...when is the only question.
These are weekly (volume) profiles....and this weeks profile filled in last weeks profile imbalance. Kinda like stacking wood, but I'm just playing some sort term stuff as we approach the end of the month. We'll see if volume fills in behind this up ...
credit: bandung (auction market theory and market profile) thread...
There is a price/volume imbalance above to be filled... When is the only question.
Yup... that's what I'm watchin... just have a small long riding...