Tag Archives: poor high

3/16 Gap Filled to the Tick – Another Poor Low and Poor High in Profile.

poor high and low in market profile chart

Another poor high and also a poor low in the profile chart. Large gaps are rarely filled the day they after they are created, Tuesday’s low did not fill the gap from 6/1.

Momentum trading off of very visual price references has carried the market higher increasing the odds of short term liquidation breaks. Tuesday’s high was exactly at the low from 3/16, very mechanical.

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Poor High, Matching Lows in Profile Chart

Poor High, Matching Lows in Profile Chart
Poor high, weak low

Neither the high or low in Thursday’s market profile chart is very good. The market is in a two day balance inside a larger six day balance.

In regards to balance, potential trade scenarios could see price either look above or below balance and either accelerate or fail, or remain in balance. If a “look above and fail” occurs the potential destination becomes the opposite side of the balance.

Split-view profile chart
Split-view profile chart



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