NF had neutral day in last session with sellers had edge at close.. Considered quite weak after lower value post outside day clearing Feb low.. NF had a large gap down today and sellers kept it lower all session then allowed a bounce to close at dVAH.. Hypo F second part played out post large gap down.
Auction recap from today :
Large gap down and lower value day clearing Aug'21 monthly low. As mentioned under monthly section in weekend report, month has started with strong trend and continuing the same.
NF left FA at top. Gap down and FA at top. Sellers in control.
3rd day of one time frame down and 5th week of one time frame down with today's auction.
Neutral day auction. Back to back neutral days now..Buyers got clean tail and able to close at dVAH..If they are committed, then should defend POC/VWAP of the day and go for probe higher above FA at top and once done should not come back to POC/VWAP and should stay higher all day to probe in gap zone of the day.
Have mentioned in last report that swing low not yet done with 16152 low..Considered that was not a clean low for swing in smaller time frame chartsThis got cleared today..Break of 16250 had opened up 15950 probe for swing which is done today..Now, acceptance below 15850, today has opended up swing probe for 15600/15450 as mentioned in weekly section on weekend report.
As long as we stay below 16250, looking for these 15600/15450 zones on downside..If today's buying tail zone moves NF higher then could look for rej in 16050 zone or around 16200 zone to rotate down to test 15780/15600/15450. Till today's buying tail clears 16250, no long bias on swing.
Kindly refer below table for tradeable hypos for next session
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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