Two way balance with advantage buyers close in last session after reparing DD profile upper disbn was suggesting old buyers of this leg not yet completed their business..Imbalance session expected next.. They gone for accepting above bell balance right from open with slow drive then delivered slow trend day closing at high. Push above 17480 was for 17530 then acceptance there was marked for 17620-17630 and NF has done this today.
Clean slow trend day closing at high. Auction looks incomplete at top.
4th day of one time frame up.
17585 immediate support for buyers to defend..Holding this they could move higher towards 17645 then could face rej for 17590..Aceptance there above 17645 could push it higher further towards 17690/17740.Below 17585 retest of buying tail of the day possible towards 17545/17510 and then could bounce again from there.
17500-17520 now good swing support..If this goes means, we could look for sell on rise market for clean balance for repairing all poor mechanical supports underneath from last 3-4 sessions auction.
Swing wise next obj 17580 as well as 17640 almost done..Negation for swing now moves to 17500. Remaining final obj at 17740. Weekly pivot res 17520 now they got accepted with trend day..retest of 17540 or stretch to 17520-17500 max is fine and still they could continue the journey higher..If 17500 goes, swing long view negates..We may see a balance then.
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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