The Handbook of Technical Analysis + Test Bank_ The Practitioner\'s Comprehensive Guide to Technical Analysis ( PDFDrive )

Market Profile

Listed below are the six basic degrees of bullishness of any subsequent trend,

in order of bullishness:

1. Current day’s activity is within its own initial balance and above the previous
   day’s value area (Least Bullish Scenario).


2. Current day’s activity is above its own initial balance but within its value area.
   It is also above the previous day’s value area.

figure 17.15 Initiative Activity below the Previous Day’s Value Area.

figure 17.16 Responsive Activity below the Previous Day’s Value Area.