After clearing FA at 17395 + sequence of auction in prev sessions, buyers had control at close in NF in last session. Observation was for a move to 17600/17720 next to clear 24/01 high and above. NF had a gap and open drive up today to 17600+ then during event cleared PDL, could not sustain then for close bounced back to day high again.
NF left failed auction at low + large double print buying tail.Good swing support going forward.
It was outside day and neutral day but with dPOC skew, buyers edge at close..Better for gap/drive for them.
Event day got unsecured high so gap/drive odds higher with above said close.
About swing ref zones mentioned yday, 17600 probed and more confirmation today for remaining 17720/17800/17950. Negation for this now at 17450.Once moved above PDH, better not to get back below 17550 else large chop possible being outside day and move higher then have to wait.
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 :
a) Check glossary page in website if any of the terms used in the post are not clear.
b) If images are not clear, click on them for enlarged view.
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