NF with 6th day of one time frame up and value was higher, registered 3-1-3 profile on Thursday..Acceptance of tail was expected to move away higher. Above 14020 probe was for 14050/14100 and NF gone till 14073 in a narrow range tight auction low volume profile and closed at dPOC.
Auction pointers from Friday :
NF registered 7th day of one time frame up.We have seen that max 8-10 days one time frame up could hold and odds are higher to stop one time frame up between 8th to 10th day..To avoid stopping one time frame up, NF should get drive or gap above prev session profile and should have higher/higher overlap profile in first session.
It was short covering P profile and acceptance above this profile could start a fresh leg. Failure to accept above this profile and travel down in tail of prev session could go one time frame up stop.
Narrow range and lower volume profile and any gap down from this profile / complete lower value from this profile could make this as potential island profile.
Price wise, above 14070 bullish to get 14100-14120/14170..Failure to sustain below 14010 and acceptance above 14040 could get 14070/14100-14120/14150-14170.
Acceptance below 14010 is weak for 13985/13955 and quite weak below 13945 for 13910-13900 if sustains then 13850/13820 probe possible.
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