stretched out profile, many anomalies

multiple-anomalies-market-profile-chart

Wednesday’s profile left many anomalies, or “rough edges”, after one time framing higher in all but three 30 minute periods:

one-timeframing-higher-market-profile

Anomalies are generally a sign that shorter term, emotional traders were in control, such as in short covering, leaving behind poor structure. When anomalies aren’t “repaired” during the current trading session they are often repaired, or revisited in coming sessions. Carry the information forward to help judge the odds of upside or downside continuation the following day.


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