The P-shaped profile visually resembles the letter "p" and indicates an initial upward move followed by significant activity at higher levels. This pattern typically forms when short-covering accelerates a move higher, creating a bulge of activity at the top of the range. P-profiles often indicate potential buying exhaustion and may offer fade opportunities once the short-covering phase completes. The stem of the P is the area to watch for activity and change of positioning. This is also the base of the profile and the end of the single prints which drove the initial short covering. any big change happens from here