3-1-3 profile close in last session..If fails to sustain value area then observation was to move to other end of value area then look for extension that side..NF opened around VAL of last session which failed to get follow through then pushed to VAH and then PDH of last session.
Double distribution trend day closing above dPOC..Volume on lower side.
Ledge top on DD day..Buyers need early follow through higher and once done should hold above POC..else overlap into extn singles and test of lower disbn possible which should bounce higher else more weakness.
9th day of one time frame up.Swing support moves to 19980 from 19920.Upside opened up for 20250/20400 holding this swing support.
Levels wise for next session, not able to stay below 20070 and move above 20135 could get 20165 and above that 20190-20210/20245-20260 possible. Not able to stay above 20165 and move below 20120 could get 20090 and weak below that for 20065/20040 and more weakness below that for 20015/19980-19965.
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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