Back to Back Inside Days, Matching Points of Control and Value Areas Form Two Day Balance

Friday’s regular trading session ended as an inside day, following the inside day from Thursday where price was contained inside the lower distribution from April 5. The point of control from both days is at 2354.00, and both session’s value areas are also identical. Friday’s profile left a poor low at 2347.00.

indise days, matching market profile points of control

If price opens within range on Monday, balance trading rules could apply in regards to the inside day and the two day balance:

  • Look above the two day balance and accelerate
  • Look above the two day balance and fail, and return back into the balance
  • Look below the two day balance and accelerate
  • Look below the two day balance and fail, and return back into the balance
  • Remain in Balance

The back to back point of control at 2354.00, or fairest price, could be early support or resistance if the market opens within the range, possibly providing clues to market direction.

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