Friday March 11 Market Profile Graph

March 11 Market Profile Garph

Friday’s low has only one tick of excess and bounced just one tick off of Thursday’s high suggesting shorter time frame traders in control. In addition the late day pullback to 2002.75 was exactly to half back-another day time frame trader’s reference. Trading with acceptance either above or below Friday’s point of control could give clues as to which direction to trade on Monday. The next reference would be Friday’s close, followed by the overnight high.

Acceptance above the POC and Friday’s high could add to the upside targeting the unfilled gap at 2021.25 (March contract).

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