Tag Archives: anomalies

Short Covering

Short covering leaving anomalies in the profile chart.

Apparent short covering leaving multiple anatomies on the market profile chart. Anomalies are often at least partially repaired the next trading day or soon after. Odds could favor a balancing trading day.

Short covering can weaken a market. The daily chart has been one timeframing lower for six consecutive regular trading sessions. Price would have to trade above Thursday’s high to stop the one timeframing lower on the daily chart.

Share  Facebooktwitterredditpinterestlinkedinmail


Break Out Above Two Day High – Trend Day to the Upside

breakout trend day
Breakout trend day to the upside.

The market broke out above the two day high, repairing the poor high in the profile chart from 10/12, but re-entered the range slightly before mechanically bouncing exactly from the overnight high price level at 2774.50, at the C period low, before rallying.

Price one timeframed higher in all but two thirty minute periods, leaving multiple un-repaired anomalies and single prints in the market profile chart. Profile charts with multiple anomalies are often at least partially repaired the next day trading session, or soon thereafter.

Price acceptance above Tuesday’s high could target some of the un-repaired anomalies from the very poor structure in the profile charts from the prior week’s selloff

Share  Facebooktwitterredditpinterestlinkedinmail