Replies to post #41696 on The TradingEdge

[jxyzobrien]

value area
is 75% of previous days ES volume range. where most of the trades
occurred. institutional traders use it.

so the market stayed within value when it sold off
but failed to test the bottom of value area.
so a normal move is to top of value area,

this is why its struggling at value area hi. there a lot of sellers there.

[jxyzobrien]

Dalton steidilmeyer market profile theory
that is what value area and how markets behave in a auction type of
process

[jxyzobrien]

how it played out