Double Distribution

Double Distribution
Double Distribution Market Profile chart

Low volume rally leaves double distribution in market profile chart. Mechanical buying exactly from the opening tick in B period shows short term traders in control. Each distribution can be looked at as a separate balance. Price acceptance below 2847.00 targets the lower distribution.

market profile chart split view
Rally off open print in B period

Acceptance above Monday’s high could target the unfilled gap from Jan. 29th at 2860.00 (September contract) and potentially the all time high at 2883.75.

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