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Singleprints

RUM Struggling & aims for $6.00If we start closing high time frame candles below $6.80, the target will be $6.00. It left behind a massive FVG & Single print with the buy side imbalance. Stay focused. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
NASDAQ:RUMShort
by Navitility
Showcase of the Power of Market Profile AnalysisMarket Profile analysis is a powerful tool for traders and investors alike to analyze price movements in financial markets. The method is based on the concept that price moves in a predictable way, forming patterns that can be observed and analyzed. The Market Profile chart is a visual representation (not shown here) of market activity, displaying the distribution of price over time. The chart is divided into horizontal sections, each representing a price level. The length of the bar indicates the duration of time during which trades occurred at that price level. The Market Profile chart can be used to identify areas of price support and resistance, as well as areas of high and low volume. The three key components of the Market Profile chart are the Point of Control (POC), the Value Area, and the Single Prints. The Point of Control (POC) is the price level at which the highest volume of trades occurred during the period under analysis. It represents the most actively traded price level during that time frame, and is often seen as a key support or resistance level. The Value Area is the range of price levels that contain a specified percentage of the total trading volume during the period under analysis. The Value Area can be used to identify areas of price support and resistance, as well as potential trading opportunities. Single Prints are price levels where trading activity occurred but did not overlap with any other price levels during the period under analysis. These are areas where price discovery occurred, and can be used to identify areas of potential price support or resistance. By analyzing the Market Profile chart, traders can gain a deeper understanding of market dynamics and make more informed trading decisions. The chart can be used to identify areas of price support and resistance, as well as potential trading opportunities based on the volume and duration of trading activity at specific price levels. Between end of Dec 2022 and end of Jan 2023, the price of the S&P 500 index (SPX) showed major reactions to the price levels drawn by using Market Profile analysis that was done in Oct 2022 . This is a prime example of the power of this trading method. By identifying key levels of support and resistance, traders were able to make more informed trading decisions and take advantage of market opportunities. In conclusion, Market Profile analysis is a powerful tool for traders and investors who want to gain a deeper understanding of market dynamics and make more informed trading decisions. By analyzing the distribution of price and volume over time, traders can identify key levels of support and resistance, and take advantage of market opportunities. The example of the S&P 500 index (SPX) in October of last year showcases the power of this trading method, and demonstrates how it can be used to make profitable trades in a dynamic and ever-changing market.
OANDA:SPX500USDEducation
by PtGambler