NF had a value down rally higher day with dPOC skew higher and closed around that in last session. Buyers needed drive or gap else probe back to 19360-19330 expected. NF opened lower and did this 19360 below probe right at open then had two way auction till mid session then rallied once again into close and closed around dPOC.
Inside day and another poor value area session. Last session poor value area not yet properly repaired and left another poor value area now..Buyers if wanted to leave this poor value repair to be done later, then have to defend 19430-19460 and stay higher all session..Failing to do so could move back to 19390/19360 again.
Volume on lower side and 2days dPOC shifted higher.Hence important for buyers to show up with volume and directional move early next to stay higher above two days high and once done never come back below 19470.
For next session, 19430-19460 support. Holding this and moving above 19495 could get 19520/19545 if sustains 19575/19600/19630 possible..Further bullish above 19640 for 19675/19700.Not able to stay above 19540 and move below 19470 could get 19445-19430 and weak below that for 19400-19390/19365/19335-19320 if sustains 19290-19275/19225 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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