NF left clean weak low at PDL and rallied to PDH.
It was neutral extreme up day with minor spike up close.
6th day of one time frame up and 3day composite with tail at low now..Second day that tail held and pushed higher..
With this composite, buyers job next is to defend 17370-17390 band and go for drive or better gap up straight away ditching this balance down to get a rally higher. This composite as well as 45 degree move from today wide POC asking for such intent from buyers for next session at start. Failing to do so and started accepting below 17350 calls for liquidation back to POC and VAL of composite again.
Swing long for next session if holds 17390-17370 and bounces above 17420 for 17475/17520 once done negation can be moved to 17420 to look for 17600/17700. Swing short below 17350 for 17290/17225 with negation at 17420.
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.
Comments