NF stopped one time frame up in last session and suggested signs for balance/reversal. Not able to stay above 19450 and move below 19415 expected 19385/19345. NF gone for a move above 19450 early in the session but failed to hold post IB period then gone for a move below 19415 to get only till 19375 then remained inside IB range for the day to close at dPOC.
Failed auction at top.
Neutral center day closing at dPOC.
Both info with range and volume suggesting balance has started. Now, downside need to see where this makes low for this balance..As of now, not made that low based on today's auction. Though we have secured low for the day, swing wise this low is weak considering PDL/04/07 low.
Upside 19460-19480 now res if this wants bell composite.That goes means possible for test of 19530-19540 and rej there for composite b or new high then reject to continue in balance..
Levels wise for next session, not able to stay below 19400 and move above 19430 could get 19455-19465/19490-19510 if sustains 19540/19570 possible. If fails to stay below 19340 and move above 19395 could get 19420/19450-19465/19490. Failing to stay above 19490 and move below 19440 could get 19415 and weak below that for 19380/19345-19335 if sustains 19305/19275 possible.
Charts and data :
Detailed plan with references to carry forward, actionable trade hypos for next session, any importance nuance from the day and view based on weekly and monthly time frame are available to members in private blog.Above report is only part of it.
Notes :
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