NF had double distribution up trend day with incomplete auction at top in last session.Buyers of that session expected to get 19560-19580/19620 next. NF had a gap probing 19580 then IB swipe could not sustain in upper disbn of last session which skewed back higher to get 19620 by close then closed at dVAH.
Outside day of last session got follow through further with Neurtal extreme up day.
Had a dPOC skew higher at close..Buyers need to get drive/gap from this close else one test to VAL zone of today then bounce possible.
Failed auction at low becomes swing support now and buyers holding this could get 19660-680 max 19720 next then pullback possible.Volume of today session not suggesting anything beyond this as of now.Rest based on auction from next session.
Levels wise for next session, failing to stay below 19550 and move above 19585 could get 19615 and accepts means 19640-19650/19675-19680 possible then could balance..Further acceptance could get 19720. Failing to stay above 19680 and move below 19635 could get 19610/19580 if sustains 19555-19545 possible.Weak below 19540 for 19515/19490-19485/19450-19440.
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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