Tag Archives: breakout failure

Breakout failure of five day trading range

Failure of the breakout of the five day trading range high at 2936.00. The profile left many anomalies. Multiple anomaly profiles are often at least partially repaired the next day.

Breakout failure
Breakout failure of five day trading range

After a gap opening higher to begin the week, price returned back into the five day trading range. The point of control had migrated lower during the day trading session from 2938.00 to 2932.50. Value remained higher for the session.

split view market profile chart
split view market profile chart 10-1-2108
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