What Is Excess in Market Profile?
Excess is a Market Profile concept describing a clear rejection at a market extreme.
It often appears as a distinctive tail or thin area at the high or low of a profile.
Excess may indicate that the market found prices unattractive and moved away from them.
Traders use it to assess the quality of a session's auction extremes.
A strong auction rejection can reveal more than the extreme price alone.
Do you look for excess before identifying a session's high or low?