Fresh leg NF started in last session with a move above composite which expected to probe 22830/22865. NF had gap at 22830 then move down in IB held at POC which pushed higher to swipe 22830 to mark IBH..Later could not sustain above IBH and gone down to clear IBL leaving FA top..Probe marked for 22710-22700 below 22745 to tag anomaly from last session which they did and closed at dPOC.
2nd day of one time frame up above Apr balance now.
Neutral day auction with failed auction at top.
22740 becomes pivot for next session..Holding this, we could get fill higher and sustaining below this could swipe PDL and look for supply and fails means back to grind am looking for. 22660 remains good swing support..So, roughly 22660-22740-22825 sessions we could look next for a fill and whichever side extreme sustains could spike.
Levels wise, move above 22760 could get 22785/22810 if sustains 22840/22870/22895-22910. If fails below 22710 and moves above 22740 then 22765/22785/22810 probe. If fails above 22790 and moves below 22760 then 22735/22710-22700 if sustains weak for 22670-22660 and quite weak below this for 22635-22620/22590-22580/22550/22525/22485-22475.
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.
Comments