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Soultrader

Markets Test Both Ends

By Soultrader, in Market Profile

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Soultrader    12

Soultrader
Posted

This is a common pattern in the YM. The markets will usually test above or below the value area to see if there are sellers/buyers in that zone. If not, price will get pushed back into value to test the other extreme.

 

Whenever the previous days high and low is right above/below the value points, watch these levels closely. The markets have a tendency to test these areas before a reversal.

092806markettest.jpg.8453ae29138a2fb9b6089dc3f3b65df3.jpg

092806profile.jpg.0379b348b5ede690727bcd2d4940c8aa.jpg

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