A poor low is one which lacks excess and is the opposite of an excess lowA low characterized by a number of single prints that ends a move and is at the bottom of a daily market profile distribution. The minimum number of TPO's that is necessary to define an excess low is two, however when the excess has only a few TPO's, it is said to be "lack of material excess". An excess low is the opposite of a poor low, which has no single prints and is flat along the low where the TPO's line up next to each other.. A poor low will have less than two TPO’s of excess at the bottom of a daily range with at least 2-3 columns of TPO’s lining up to form a flat looking bottom. It indicates that there are short term or weak handed shorts at that low of day area. We know this because every time prices sell off to the low, they get covered quickly, thus forming the poor low.
The poor low has two forward looking indications. The first is that prices should bounce away from the poor low as there are a number of shorts trapped at poor location. The second is that if the next day or in some subsequent session, the poor low is revisited, then the odds are strong that it will break and move lower. This is called repairA market profile term for "fixing" profile distributions that are missing parts that would make them complete or more symmetrical. This concept is most often applied to poor highs and poor lows which are profile distributions that lack excess on their endpoints and have two or more TPO's across creating tops or bottoms that look flat. Once a new session trades through these levels then it is as though the current activity was "pasted onto" the prior activity to complete the picture. It should be noted that repair can only occur in an RTH session. Overnight activity that trades through areas of poor RTH structure does not repair that structure. as it repairs the structure of the poor low that lacked symmetry without a proper “bottom”.
