Double distribution 3IB trend down day in last session.Observation was no effort from buyers as well as incomplete auction at low..Considered weak below 23920 for 23820 then later probe marked downside till 23665/23565 and NF gone for a move till 23605 then closed below dPOC.
Almost a trend day and only at close gone for failed trend day.
Solid selling tail top..Any relief for buyers only above this tail.
Poor value area and good buying tail. As long as no acceptance below in buying tail and acceptance back in value area could see fill lower quad of profile and 23750-23760 good res/pivot for next session to check rejection/acceptance.First test in this zone likely to rejext and later accepts means could get towards VAH zone.Value in/below buying tail could get more liquidation.
Swing marked for 23865/23770/23665/23550 and probe over till 23605. Downside 23550 still open and then 23455/23250.Negation now moves to 23940 from 24190.
Levels wise for next session, above 23760 could get 23795-23805/23845-23855 reject else above 23875 could get 23910/23940-950/23985/24020-24040. Not able to stay below 23630 and move above 23695 could get 23725/23755 and failure there and back below 23700 could get 23665/23635 and weak below 23620 for 23595/23565/23535/23495/23465.
Charts and data :
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