NF had a slow trend day in last session..Above 19730 expected 19765/19790-19810 which they got in drive and by IB swipe..Weekly res zone max marked at 19795-19815 zone for reaction..Failed to stay above this and rejected quick post IB period to get IBL swipe then remained in dev value area to close at dPOC.
Failed auction at top.
Neutral center day.
3-1-3 profile with tails at ends and well balanced bell profile. Sustain value area = trend else move to other end of value area and look for directional move that side.
6th day of one time frame up.dPOC skew higher into close and closed there with flat data. Buyers job next is to defend 19740-19760 band and move higher to test and negate FA top of the day with fresh volume and data to stay further bullish..Once done never start accepting in value area.Failing to do so, overlap and skew down to probe into poor value area of yesterday.
Levels wise for next session, above 19795 could get 19820-19830 if sustains 19860/19890/19920.Not able to stay below 19715 and move above 19745 could get 19770/19795/19820-19830. Failing to stay above 19805 and move below 19765 could get 19735 and weak below that for 19710-19700/19675/19650/19625-19610.
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.
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