Market profile in intro Part 1 the auction profile and beginning and ending
I am going to put a new section in the intro to define in a simplistic way the market profiles you can use.
What is it and how to use it. An auction process view of market behavior between longs and shorts.
It says that markets really trade in value and the value is different from price. The market goes from balance to excess staying in balance much of the time.
The auction buying or selling ends after days/weeks and there is excess top or excess bottom or gap exhaustion to end it.
Excess top/bottom often has thin weak volume single 30 minute letter and ends in real time unless it ends with an exhaustion gap/final rally or correction. So trends do often end with a topping/bottoming tail candle.
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