Neutral extreme up day high close in last session with data and volume not backing up buyers..They needed drive/gap above 19895 to get 19920-19935 and above and later expected to hold POC 19870 else 19840/19815 expected..NF got a small drive to get 19920 then had a noisy auction between 19920-19870 and later probed 19840 then all day gone in tight balance to close at dVAH..
Long liquidation profile closing at dVAH.
Buyers again need to stay above 19895 next session for higher probe..Failing to do so back to repair today's poor low and not able to stay below poor low could bounce higher for overlap..
Same negation at 19930 for swing.Holding that skew down for 19830-19815 and stays down below that means more downside towards 19765 and below.Once moves above 19930 squeeze possible towards 19980/20030 for which negation is 19870 once started moving above 19930.
Levels wise for next session, move above 19895 could get 19920-19935/19960 if sustains 19990/20020-20030 possible.Not able to stay below 19825 and move above 19855 could get 19880/19905/19925-19935/19960. Failing to stay above 19900 and move below 19870 could get 19840/19815 and quite weak below that for 19785/19755/19730.
Charts and data :
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