Market profile (TPO): anyone using time-price-opportunity?
Market profile charts the time spent at each price, building a bell curve of value. The value area and the point of control give a statistical read on where the market considers fair value.
Do you use TPO?
- the tool and time frame
- how you trade value-area extremes
- what it reveals that candles don't
The support and resistance guide pairs naturally with value-area thinking.
Background: Support and resistance: how traders mark price levels
Support and resistance are the most widely used ideas in chart reading. How to find levels, why they work as zones, and what happens when they break.
What is support and resistance in forex?
Support is a price area where falling prices have tended to stop, and resistance is an area where rising prices have tended to stall, often because many orders cluster there.
What happens when support breaks?
The price often falls further, and the old support level frequently acts as resistance if the price comes back up to it.
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