Glossary · P
What is P-shaped profile?
A volume profile with most volume at the top and a thin lower part, often associated with short covering (shorts exiting) rather than fresh buying.
In context
A P-shaped profile has its volume bulge near the top of the day's range and a thin "tail" of low volume below it, so the outline resembles the letter P. Reading it as an auction record: in the lower part of the range, price moved up quickly, on little volume, and then, near the top, it slowed down and built volume.
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