NF had a narrow range,low volume,normal day auction leaving poor high top in last session.Buyers if not get a follow through out of last profile then probe was for back to gap and spike zone..They had a gap down and closed gap of 02/03 and slipped into spike zone then finally closed at dPOC on a lower value day.
Clean neutral center day.Fought for control both side.Sellers had a upper hand in first session and left tail and gone for IBL swipe then buyers responded with clean rej leaving FA - failed auction + tail at low to reach IBH then closed at dPOC.
6th day of one time frame up stopped today..So, its job of buyers now with help of today FA at low to look for move higher..Failing to do so, balance to downskew possible from here.
Buyers saving this low and accepting above 18150 could get a follow through higher to test 18190-18210 and further acceptance there could get 18240/18270+.. Failing to stay above 18180 and staying below 18140 sellers could attempt to test 18110-18100 and that goes means more liquidation possible for next session towards 18065-18040 then towards 18010-17990/17965.
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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