The market profile isn't just another tool to help establish levels. It also helps you from falling out of sync with your market which causes the wrong trades to be taken or mis-timing of trades and mis-management of expectations.

A market profile poor high indicates that a market has been forcibly prevented from moving higher and that the auctioning process hasn’t been completed. This has recently happened in WTI Crude Oil futures, specifically within the price range of $43.22-$43.28.

At NeuroStreet Trading Academy, we believe the best approach is to break the learning path down into frameworks. We use a 4-step framework to allow traders to learn in a linear way. 

The energy sector ranked the last in sector performances in 2017. In June 2017, crude oil traded at a low of $42.37 per barrel and many analysts expected lower prices with a target of $40 or lower as energy market sentiment has been bearish. Crude oil turned bullish in August 2017, when it broke a pattern of lower lows and lower highs by failing to take out the June low.

The re-awakening of Artificial Intelligence and constant technological advancements have given a rebirth of robotics in the recent years. An open-source based Robotics Operating System supported by Google (GOOG) has changed the robotics field for everyone to build faster and lower-cost robotics applications, machinery in new start-up companies. Exploitation of new Graphical Processing Units has enabled the existence of Big Data, computer vision, deep-learning and machine learning to further accelerate advances in both the AI and robotics fields.

Megaphone patterns were first described in Richard Schabacker’s 1932 book: “Technical Analysis and Stock Market Profits,” as rare and intricate patterns.

Al Brooks provides bar-by-bar analysis on a five-minute chart of the previous day’s prices action in the E-mini S&P 500.

Al Brooks provides bar-by-bar analysis on a five-minute chart of the previous day’s prices action in the E-mini S&P 500.

Al Brooks provides bar-by-bar analysis on a five-minute chart of the previous day’s prices action in the E-mini S&P 500.