NF had a inside day in last session and buyers expected to scale 17620 to avoid liquidation..NF gone for drive to scale this early in session then stayed higher all session and closed at dPOC.
NF left large buying tail today which is quite weak data wise but buyers built value higher holding this tail all session..Left poor high at top.. Buyers to avoid repair this tail next need to defend 17650-17670 and get drive to scale PDH or better get gap up as we got dPOc skew at close..
It was lower than average volume session but intent was good at close from buyers..If they scale PDH then 17760-17780 easy probe for them and sustains there next possible to get 17830/17880.
4days of balance now and post 30/08 solid data buyers got another day of solid data supporting them at close..Staying above 17650 they go for negating swing short view above 17740 and once that is done 17650 becomes support..Back below that swing short activates again for 17550/17470-17440..Once value is created above 17740 buyers swing probe is towards 17830/17880/17940.
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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