The Diffusion of Innovation Theory and Market Profile are two powerful frameworks that, when combined, can provide traders with deeper insights into market behavior and timing. The Diffusion of Innovation theory, developed by Everett Rogers, explains how new ideas and innovations spread through a population. On the other hand, Market Profile, a market analysis tool introduced by Peter Steidlmayer, organizes price, time, and volume data to understand the behavior of market participants over time.
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