NF had a bullish day last session and price moved 45 degree away from dPOC.Today gone for tight range lower volume day to bring value up then closed with minor spike down.
Two scenarios for next session,
a) two day POC now up so buyers staying above 23830 could get bullish session.
b ) Failing to clear/sustain above 23830 could go for filling between 23810-23750-23710-23660 roughly and stays below 23630 means more downside.
As long 23630 holds, swing is for a move towards 23900/24020-24050. Breaks 23630 means test of 23565/23535-23510 band then decide.
Check plan for trade hypos.
Charts and data :
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