Wyckoff volume benchmarking / market profile bt analysis board

[jxyzobrien]

algo's are mechanical but 90 pct of trades
they have memory and they use previous levels to start or finish a move

when a poor high/low happens it is often at a previous high or low
this then becomes a weak high or low which is stronger then just a poor high/low
which has 1 or 2 excess points. When a poor high/low happens
the market has temporarily run out of sellers or buyers.

Poor hi/low and weak hi/low get repaired within a few days
Unless the market gets too far away from them (just like a gap).

value areas, which represent price levels where the majority of trading activity occurs, and the Point of Control (POC), the price level with the highest volume of trade. Use previous day for these prices. The market often uses value area
hi or low and vpoc to determine direction.