DD down day in last session for NF. 17890-17910 was ref for sellers to defend and get skew down further.They whipped higher till 17930 in morning session then all day gone down to print neutral day then closed above dPOC.
Failed auction at top today.
3rd day of one time frame down now.
Neutral day as well as 3-1-3 profile. Sustain value area = trend ; failing to sustain value area could revert to mean and other end.
Decent volume and inventory shift a lot happened today despite slow chop auction. Not accepting above 17920 skew is down and possible to get one wide range down day as per structure.
Levels wise for next session, not accepting above 17860 could fall back to 17820 and weak below that for 17790/17760 if sustains 17720/17680 possible. Not able to sustain below 17780 could push back to 17835 if accepts 17865/17890/17920 possible.Above 17920 could move to 17950/17990.
Swing short triggered at 17920 probed first obj at 17805 today.Negation now moves to 17920 and next obj is 17720-17680 zone.
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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