Thanks for the thorough answers. I'll reread it to get more questions.
Another question: "I use the Market Profile to tell me if a range day or a trend day is likely by the shape and location of the bell curve and the
POC.
If a B shaped Profile forms near 792, then it is possible that a trend move lower could occur when the number of willing buyers drops to zero and a imbalance in the supply demand equaision occurs."
So you're saying here if Wednesday is a B shape, then Thursday is a possible down trend day? So is there an inference that if the previous day has a B shape, chances of a trend break to the downside likely and if previous day with a P shape, an upward trend likely?