NF had a clean extn and spike in last session..They failed to sustain above spike zone and gone for test of extn handle and later sustaining below that extn handle,pushed for more liquidation to test buying tail then closed at dPOC..
With a move below 18820, NF confirmed excess at top from Friday high zone..That single prints at top now turns into excess..18935-18955 as long as holding,balance to skew down towards 18720-18705 minimum then decide there.
Friday balance was good volume based balance below spike and that has given up today and today low is poor low..So, till we get clean secured low long side got risk.
Back to back imbalance days as well as failed trend day + inside day today..Likely to get another overlap to downskew session..Two days POC 18840 zone on focus early in session for any imbalance move..
Levels wise for next session, failing to stay below 18840 and move above 18880 could get 18910-18915 bullish above that for 18940/18975-18985.Not able stay below 18765 and move above 18795 could get 18825-18840 if sustains 18880/18910-18915 possible. Not able to stay above 18870 and moving below 18840 could get 18810-18790/18765 if sustains 18735/18705-18690/18665 possible.
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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