It was Neurtal extreme up day with dPOC skew close in last session.Above 19615 probe marked for 19640-19650/19675. NF got 19640-19650 in open auction then they stayed in morning open range for most session, later had minor high swipe then closed above dPOC.
No demand day based on range and volume.
3rd day of one time frame up and another dPOC skew higher at close..Buyers to survive should get drive/gap from this close.Failing to do so and move below VAL zone could get PDL swipe and more on downside.
Buyers after FA low of last session expected to get 19660-19680 on swing and it tested 19660 today. Swing support now moves to 19600. Buyers need to defend this if they want to push further higher. Not getting any further follow through higher after this no demand day and breaking above support could go for filling back last NE day profile then could balance.
Levels wise for next session, failing to stay below 19590 and move above 19635 could get 19660-19675 and accepts further means 19710-19720/19760-19780 possible. Failing to stay above 19660 and move below 19635 could get 19610 and weak if sustains for 19580/19555-19545.Further 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 :
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.
Commentaires