Australian Dollar / Japanese YenEducation
Volume Profile Basic Shapes (P- Shaped Profile) # 1 - # 2
P- Shaped Profile (See Chart)
Looks like a letter "P"
Sign of strong buyers
Buyers pushing price upwards and creating new price balance of higher prices.
P- profiles usually within uptrend
P- profile after a downtrend= end of the trend (or a temporary end)
Looks like a letter "P"
Sign of strong buyers
Buyers pushing price upwards and creating new price balance of higher prices.
P- profiles usually within uptrend
P- profile after a downtrend= end of the trend (or a temporary end)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.