Large gap down and trend day down closing at low.
Turns out 2days balance at top now island top as it has quickly pushed through entire Jan balance zone 21830-21570. As marked earlier, 21570 good swing support and accepting there opens up 21475/21375/21325/21250 and more with negation at 21845.
Volume heavy in months..115L which is 1.7x of 10days average..Such volume tough to negate in one session by reversal..So, next few sessions likely to see sell on rise..zones to watch for resistance to reject 21650/21750-21780.
dPOC skew down at low and closed there..Advantage sellers to look for minimum swipe around Jan low next, as month has failed the extn higher from clean balance and back into balance low..This marks monthly as b profile as of now. So, odds of swiping below that b low and then decide there.
Swing long view closed with a gap below 21940 negation zone today.
Levels wise for next session, not staying above 21650 could drop to 21590-21570 and weak below that for 21535-21510/21475 if sustains 21440/21415/21375-21365 possible and further acceptance down could get 21325/21290/21250. Not able to stay below 21535 and move above 21595 could get 21630-21645 if sustains 21680/21720/21750/21780 possible and further bullish above that for 21830-21845.
Charts and data :
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