NF closed at low after trend day in last session. Bias was for gap or drive down for next session and below 17040 probe was marked for 16920-16890.. NF got drive down from 17040 to get 16920 then all day gone for two way balance then closed above dPOC.
Clean 3-1-3 profile with lower value..I.e, tail at both ends with bell balance. Sutain value area = trend else overlap in value area for next session.
6th day of one time frame down.
No clean swing low yet. As mentioned yday staying below 17170 bias is for more downside. If 17170 accepts then temporary pause to form balance then could come down later.
Levels wise for next session, above 17120 could get 17160/17210 if sustains 17260/17330 possible.If fails to sustain below 16940 and accepts 17000 means could test 17040/17090 possible.Failing to stay above 17120 and accepting below 17080 could get 17050/17010/16965/16930/16890/16850 if susains more weakness towards 169790-16765/16725.
Swing short from 17400 met next obj zone 16950..Remaining are 16850/16735/16660. Negation at same 17170.
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.
Comments