Market Profile Chart for November 9th, 2016
Wednesday’s post election profile ended the regular session as a double distribution. If price opens within either of the distributions on Thursday balance trading rules could apply – look either above or below balance and accelerate, look above or below balance and fail targeting the opposite end, or remain in balance.
When price leaves one balance and is accepted in another, the opposite extreme of the new balance is a potential destination trade.
(the above post and all posts on es-traders.com is an interpretation of market generated information using the Market Profile, and the information contained within is to be used for informational purposes only and not to be construed as investment or trading advice. Please read our disclaimer
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