Any level on the Y access inside the range with only one TPO. Single Prints are a form of weakness and increase the odds of backfilling (returning to where they start) but often “the base” or start of the single prints then acts as support or resistance. If single prints remain at the close of …
Excess at the Top of the range, defined as at least two TPO’s on the ES.
Excess at the Bottom of a range, defined as at least two TPO’s on the ES.
A Spike is defined as single prints at the high or low of the day’s range that are formed in the last hour of the day. The price must close inside the Spike, otherwise it is considered a Liquidation Break or short covering rally. (Note: Some traders only count a move in the last 30 …
See.. Poor High, Poor Low, Weak High, Weak Low.
A Weak Low is similar to a Poor Low but with import differentiations. A Weak Low is formed when the market creates a low on a TPO (or candlestick) within one tick of a previous technical or profile level. For example; highs/lows of previous TPOs, previous day’s highs/lows, the previous day’s settlement, or the current …
A Weak High is similar to a Poor High but with import differentiations. A Weak High is formed when the market creates a high on a TPO (or candlestick) within one tick of a previous technical or profile level. For example; highs/lows of previous TPOs, previous day’s highs/lows, the previous day’s settlement, or the current …
A market is in balance when it’s consolidating in a specific range. It can happen on a very short term (over a period of minutes) or a longer term (over a period of days/weeks/months/years). The tighter the range or the longer the market spends in that range the more potent the Balance Rules become (two …
This stands for Point of Control. The level in the value area where either the greatest amount of volume traded in the prior session (VPOC) or the greatest amount of time was spent (TPOC). The POC would be the widest part of any given market profile. We consider this the “Fairest Price to do Business”. Both TPOC and VPOC …
Also called “POC” for short. The level in the value area where either the greatest amount of volume traded in the prior session (VPOC), or the greatest amount of time was spent (TPOC). The POC would be the widest part of any given market profile. We consider this the “Fairest Price to do Business”. Both …