NF had a Long liquidation profile with bounce at close above dVAH.To avoid repair back the profile,buyers next expected to push higher to clear 18725 then stay higher..NF had a gapup and held gap with tight disbn and then got range extn to close at day high.
Double distribution trend day and second disbn got clean extn handle with volume so swing support after today's move is 18730-18745 band..As long as staying above this this auction started today could get 18850-18860 minimum as discussed in commentary.
>3IB day..with dPOC skew at close..Buyers need to stay above this dPOC all session else two way auction to repair second disbn of today's auction possible.
7days composite got poor structure move yday and still got unfilled zones.Still we got clean extension today.If we move below 18730 then back in composite repairing unfilled zones.
For next session, move above 18815 could get 18840-18860 if sustains 18890/18940 possible. Not able stay above 18850 could drop to 18805 if accepts then 18780/18755-18745 possible and futher weakness below 18740 for 18715/18680.
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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