Key terms:
1.
Initial balance - market activity in the first hour
2.
Range extension - price action extending beyond the initial balance
3.
Range - range from high to low
4.
Single print buying tails - any single print TPO's at the lower extreme of the profile
5.
Single print selling tails - any single print TPO's at the upper extreme of the profile
6.
Point of control (POC) - price level of most volume.
POC indicates an area of greatest market activity
7.
TPO - stands for Time Price Opportunity. Letters are used to build the market profile structure. Each letter represents a half hour period. The letter is also known as the TPO.
8.
Value area - price range in which approximately 70% of the market volume took place.
9.
Value high - the upper pivot of the
value area
10.
Value low - the lower pivot of the
value area