NF had a 2days overlap composite with dPOC skew higher close in last session with buyers advantage..Such structure to avoid overlap required drive or gap up.NF gone for large gap up today and then remained as balanced profile all session with close below dVAL.
Large gap and narrow range session.Buyers held the gap and higher value all session..Due to balanced profile, could look for imbalance next session.
17710-17725 resistance for next session which held all session and pushed down for dVAL close..Failing to scale higher/sustain higher could drift down to fill gap..Acceptance of this band could lead to higher follow through towards next swing objective.
Swing view met first obj 17700 today and negation now moves to 17550. Next obj at 17900 and once moves above 17770 negation could be moved to 17660 and once scales above 17800 negation moves to 17720.
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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