Initial Balance Lines with Range Extensions

"Fantastic for Identifying Opening Support and Resistance Levels..." Initial Balance Lines were first introduced into the trading community by J. Peter Steidlmayer, the original developer of the Market Profile® along with the Chicago Board of Trade in the mid to late 1980s. Initial balance was defined as the price range resulting from market activity during the first two thirty minute time periods. James Dalton expanded on the Initial Balance concept by identifying it as a valuable tool for identifying the high and low often made in the first 90 minutes of trading after the Open. Initial Balance Lines helps you visualize possible trading scenarios and formulate the most appropriate trade strategy and tactics for the rest of the day. Initial Balance Lines with Range Extensions en