The value area, the point of control and the initial balance

Market Profile — Lesson 3 of 12

From the structure of the bell three references are read that form the pillar of every later analysis: the value area, the point of control, and the initial balance.

Three references read from the structure itself: the value area that held most of the activity, the point of control at its centre, and the initial balance drawn by the first hour of trading. Illustrative diagram — not real prices.

The value area

03 — Lesson 3 of 12

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