Tag Archives: point of control

Consecutive Inside Days, Points of Control

inside day market profile chart
Consecutive inside days, Back to backe points of control.

An inside day within the price range of the prior day’s inside range.

There is a poor high on the 10/12 profile chart.

Price could be drawn back to the back-to-back wide points of control at 2965.25 at some point.

A breakout of either side of balance is possible. A failed breakout of balance could potentially target the opposite end of that balance.

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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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