NF printed 3rd day of one time frame up and buyers were in control after FA + neutral day in last session.Considering the zone of auction, expected buyers to get initiative auction if they want to sail highe. NF got a initiative auction via clean large gap and then remained as balanced profile all session holding gap then closed above dPOC.
Pointers from the day :
NF had a clean gap up and held the gap. Initiaive move from buyers. With this move, buyers started next fresh leg. Mentioned two scenarios yday and upside was for quick move to 18220/18350.NF chosen fresh upside quick leg and probed first obj 18220 via gap and next is 18350.Negation now moves to 18095 from 18005.
4th day of one time frame up.
Nice bell balanced profile = could look for imbalance session next.
For next session, acceptance above 18265 could get 18290-18305/18335/18365. Further bullish above 18385 for 18420-18445/18495. If fails to stay below 18190 and moves above 18220 could get 18250-18265/18290-18305.
If fails to stay above 18310 and accepts below 18235 could get 18190 and weak below 18190 for 18155-18145/18110-18095/18065.
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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