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excess low

A 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.