Baz’s question made me realise that the section of Nature of Trends involving Market Profile will not mean much to anyone not familiar with the method. I believe, this rectangle is what is also known as a Bracket which is a trading range, in Market Profile glossary. Marker Profile theory says that acceptance above 50% retracement of the IPM after development has begun will tend to see a move to the Primary Buy Zone at start of the IPM.

In Steidlmayer on Markets, page 75 Steve Hawkins suggests that time has an impact on as well. I’m considering a subscription to the service so would appreciate any insights on how it adds value to your decision-making process when trading.
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