NF left a nice two way fought balance in last session and expected imbalance session next. NF got a gap up and remained as another balanced session.
Pointers from the day :
NF printed 3rd day of one time frame up.
Back to back nice balanced profiles now and odds are higher for imbalance session next.
Probable Island profile today considering the range and volume and the way value is placed - isolated with gap from previous range. Need follow through down to get confirmation.
Swing long trade was suggested around PDH which could not get a fill due to gap up. Next swing long trade can wait now.After seeing acceptance above today balanced profile, could decide post tmw session. Swing short now below 17330 for 17250/17150 with negation above 17430.
For next session 17370-17360 support. Holding this and scaling above 17400 could get 17425/17450 and bullish above 17455 for 17480/17510/17540.
Failing to stay above 17440 and back below 17390 could get 17360 and weak below 17360 for 17335/17310-17300 and quite weak below 17290 for 17260/17200/17160-17150.
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.
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