Selloff Leaves Anomalies in Market Profile Chart

selloff leaves anomalies in profile chart

Anomalies are often a sign of shorter term, emotionally driven traders in control and are often at least partially “repaired” in a future trading session, if not the next.

market profile rally high
Split view market profile chart. 2723.50 rally high

Acceptance above the rally high could target the single print at 2732.25 and upper distribution in Monday’s profile.

Failure to find acceptance above 2723.50 could keep the downtrend intact, with good odds of price retesting the point of control, and the potential to test the 2700 level and the lower end of Monday’s lower distribution.

Acceptance below Monday’s low could target the wide point of control from March 2nd at 2677.75 and potentially test the low from that day at 2652.25.

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