NF had FA at low then NE day with spike close in last session.Buyers today held spike zone and gone for higher value day and remained as tight range bell balance to close below dPOC.
It printed today 3-1-3 profile with bell balance and tails at both ends. Sustain value area = trend else move back to other end and look for extn that side.
Narrow range lower volume session post higher volume day..Larger context, its advantage buyers today's session despite close was weak below dPOC..Buyers need to defend today low zone and look for moving higher or better get drive/gap above 17810 to get more upside in next session.And, once gets clean acceptance above 17810 they should not move below 17765.
Failing to do above could drag NF down towards 17690/17665 to decide next.
Levels wise,failing to stay below 17760 and move above 17790 could get 17820-17830/17860-17870 if sustains could stretch towards 17910/17940. Failing to stay above 17810 and move below 17765 could test 17730 if sustains 17690/17665 and more possible downside.
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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