3-1-3 profile in last session.Failing to sustain value area expected to move to other end of value then expected extension that side.Not able to stay above 19880 and move below 19855 marked for 19820/19785/19760/19735.NF tried to stay above VAH of last session for sm time failed and moved below 19855 which probed till 19755 then bounced to clear IBH then closed at high.
Neutral extreme up day closing at high.Buyers got good tail at low and closed as NE day with dPOC skew..Advantage buyers at close auction wise and data+volume yet to back them up.
Buyers job next session is to defend POC zone then get drive with volume to test excess at top or gap and drive above excess.Failing to do so could do overlap and test VAL and below of today profile.
Swing probe mentioned that due at 19740-19720 zone after having good tail in last session..This move happened only till 19755 today...Same negation at 19930 for swing..Once moves above 19930 squeeze possible towards 19980/20030 for which negation is 19860 once started moving above 19930.If moves back below 19860 after clearing excess then back to probe in 6days balance swing wise.
Levels wise for next session, move above 19895 could get 19920-19935/19965 if sustains 19990/20020-20030 possible.Not able to stay below 19825 and move above 19850 could get 19880-19895/19920-19935/19965. Failing to stay above 19940 and move below 19870 could get 19840/19815 and quite weak below that for 19785/19755/19730-19715/19680-19670.
Charts and data :
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