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

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Market Profile


extensions on either side of the initial balance. Such a profile is called the end‐
range close neutral day. See Figures 17.24 and 17.25.

profile action points
Traders may use the daily profile graphics as a means of determining entry and
exit points. Trigger points for entries and exits include:

■ (^) The POC: Traders frequently use the previous day’s POC as a support and
resistance level for entry to, or exit from, the markets. The previous day’s POC
is traded just as any support or resistance barrier.
figure 17.22 A Trend Day.
figure 17.23 A Double Distribution Day.

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