A double distribution is a market profile pattern that shows two distinct clusters of trading activity, or value areas, separated by a low-volume region known as a single print area. It indicates that the market found fair value at two different price levels during the session, often caused by a major news event or shift in sentiment that moved price from one value area to another. Traders use this pattern to identify key reference levels where the market previously established acceptance.
Example
“The market profile showed a double distribution with value areas at 4,100 and 4,150 on the S&P 500, separated by a thin single-print zone that acted as a pivot.”