NF had Ledge+tail and FA at low in last session with buyers in control closing as neutral extreme up day. Sideways to upskew was bias after yday close and for next session buyers expected to create value higher due to 45 degree move away from POC. They have gone for gap and drive combo and created all session higher value and closed at dPOC..Above 18055 probe was for 18150 and NF well shot up above this today.
Pointers from the day :
5th day of one time frame up on daily.
Gap and tail today - again buyers established control post FA yday. This tail zone now swing support around 18090.
It was clean trend day in first session then later got failed and closed at dPOC.Not a good close from morning buyers..Second session move today was emotional and stretched above 18150. Buyers if still commited should go for higher value above 18150-18170 band all session tomorrow..Failing to sustain higher and accepting this band could go for repairing poor value area left today and then liquidation possible.
Today's move above 18150 opened up next obj for swing at 18290-18310 then 18450-18500..Negation at 18090 for the same now.Once scales above 18205, negation could be moved to 18150.
Bullish above 18205 for next session to get 18230/18255/18290-18310. Failing to sustain below 18120 and back above 18155 could get 18180/18205.
Failing to sustain above 18250 and back below 18200 could probe 18170/18145 and weak further for 18120/18095.Quite weak below 18090 for 18065/18040/18015.
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 :
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