Solid volume based initiative move from NF with multi distribution trend day on Thursday.22935-22950 considered as support for next session. NF held this zone in IB then remained as higher value day with range extension higher then closed at dPOC.
Balanced profile.Likely to get imbalance next.
6th day of one time frame up.
Solid trend day got value acceptance further. As long as 22970-22950 holds one time frame up could continue.If this band goes few sessions balance in Thursday range filling then later directional move could take place.
22850-22880 becomes swing support now and as long as this holds upside is open towards 23150-23200 pullback then 23350-23400 possible as swing move.
Levels wise for next session, move above 23055 could get 23085/23120 if sustains 23150/23190-23210 probe or not able to stay below 22975 and accepting above 23015 could get 23045-23055/23085/23120. Failing to stay above 23060 and moving below 23010 could test 22980-22970 weak below that for 22945-22935 if sustains 22900-22890/22850-22835/22805-22790 probe.
Weekly :
Triple distribution up profile it was last week. Holding 22380 expected move higher to 22710 if sustains 22820/22930 marked upside.NF remained as double disbn upside week to probe till 23090 then got dPOC skew higher and closed there.
22950 pivot for the week. Hold this then upside could move towards 23120-23150/23210 pullback possible.If sustains further up above 23200 then 23350-23400 possible. Accepting below 22950 could test 22890/22835 then bounce else 22780/22720-22680 probe then bounce possible for balance. Major weakness below 22650 for 22590/22520-22470.
Monthly :
May month accepting above 22510 expected a reversal back 22640-22690/21780-21820. NF gone for this move and got new ATH. 22800 then 22600 solid support for May now. Either one more push higher towards 23150-23200 then pullback for May or moving below 22950 test towards 22800 then bounce back higher for May is the bias now on this 7th month of one time frame up. 22800 goes means drop to 22650-22600 for close possible. Whenever 22600 goes in monthly time frame we move back to 22450/22250 quick to start with to fill back May-Apr range.
Charts :
Daily
Weekly
Monthly
Data :
Notes :
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