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Double Distribution, Poor High

Double Distribution Profile
Double Distribution Profile

Each distribution in a daily market profile chart could be looked as a separate day, or balance area. Price can look above or below balance and either continue to find acceptance at higher or lower prices, look above/below a balance and fail (returning back into the balance and possibly target the opposite end), or remain in balance.

With lower summertime trading volume the better odds on Tuesday could probably see price remain balanced within the current two day range or with a slight extension to either side, barring any surprising external news events.

Price acceptance below the lower distribution could target at least some of the remaining poor structure from the 8/2 profile chart. Acceptance back above the poor high could target the unfilled gap from 8/9.

market profile chart
Price traded back into some of the poor profile structure from 8/2

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