Double distribution trend day down in last session. If opens flat inside expected two way auction testing extn singles at top and holding POC of last session. NF had noisy auction between extn single test and POC zone test then all day remained inside IB range then closed at dVAL.
Normal day inside IB range all day. Likely to get imbalance next.
Inside day.
Buying tail from POC of DD down day and selling tail with ledge from extn singles of last session today..Whichever sustains could get trend next.
Close was with sellers with dVAL close hence they need to defend 23865-23890 zone for next session and drive down early in session.
Levels wise for next session, move above 23845 could get 23875-23890 bullish above 23895 for 23925-23955/ 23985/24015-24030. Not able to stay above 23875 and accepting below 23810 could get 23775 weak below 23770 for 23735/23705-23695 if sustains 23650-23635/23595-23575 bounce else 23545-23525 odds.
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.
Commenti