NF left large buying tail and created value higher above 5days composite in last session. Buyers had edge and expected to get gap/drive else repair of poor value area was bias.NF tested last session tail and rejected then gone for poor value area repair all session.
Buyers of last session all day held the auction and left another tail at low.
NF gone for inside day/overlap auction to repair poor value area and again got dPOC skew higher and closed there around dPOC.Edge with buyers at close again.
2days composite now with dPOC skew higher and close there..Buyers need gap or drive else tough to clear this P top.
Still no secured high at top and left weak/poor high only.
Swing view same that value above 17500 probe is for 17700/17900-18000. Negation held today.After today's auction negation now moves to 17470..Once NF scales above 17650 negation could be moved to 17550.
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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