Tag Archives: short covering

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.

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