NF closed at dPOC in last session with skewed upper disbn and double print tail top. Buyers expected to push into selling tail defending lower balance to get followthrough else test back in buying tail and PDL zone expected. NF had a noisy open auction in the range then remained in same range all session holding below selling tail top then closed at high with a rally.
Normal day and inside day auction.
Lower range and volume session.
2days composite now got wide POC..Buyers need to defend around 19450 if opens inside range then should seek for drive higher or better gap and drive above 19490 then never visit below 19465.Failing to do so could get another overlap auction or push down to test lower end of this 2days composite.
Levels wise for next session, move above 19490 could get 19520-19530 if sustains 19565/19590 possible or failing to stay below 19410 and move above 19435 could get 19475-19490 then above said remaing obj possible. Not able to stay above 19490 and move below 19465 could get 19435 and weak below that for 19410/19375 if sustains 19340-19330 possible.
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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