NF had a double distribution trend down day in last session.It turned out end of balance now with today NF opened into upper distribution and got a drive to move back in last 3days range..18220 was marked for such move and NF got that in first session then gone for P profile closing below dPOC.
Short covering P profile. Buyers next need drive/gap to clear this P profile to move to last week high zone.
Failing to get gap up/drive or after sustaining higher above P and then moving back in value area could go repairing poor value area of today then test tail zone at low.
Levels wise, move above 18195 could get 18225/18260-18275/18320/18350. Failing to stay above 18220 or 18260 and acceptance below 18150 could get 18100/18080/18050.
Swing wise short view negated at 18090 today and back to neutral view.
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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