Tails and range extension

Market Profile — Lesson 4 of 12

Having learnt the base, we look at what happens at its edges and beyond. Here two fingerprints of the entry of the other timeframe appear — the longer-term traders who truly move the market: tails and extensions.

A tail is single letters at an edge where price was quickly rejected, and a range extension is any move beyond the first hour’s range; both are the fingerprint of the other timeframe. Illustrative diagram — not real prices.

Tails

04 — Lesson 4 of 12

Continue learning

This lesson is for members only. Create a free account to unlock 8 more lessons.

Create my account

Already a member? Sign in