Buyers had to defend 23700 incase of gap today and they got gap and drive down whipping at 23700 then failed the drive and gone higher for wide Ib then all day remained as b profile to close at low.
7th day of one time frame up.
After series of short covering days first time got long liquidation day and IBL swipe today with heavy volume session.Suggests profit booking and odds there either to have sm balance or session or two more of profit booking then find a range to balance.
Potential excess at top now today after making outside month with swipe of Feb high..And they need to stop one time frame up to confirm this excess.
Opening below 23750 and holding it could look for one more swipe down tmw and 23750 accepts means sm balance and test of upper balance/selling tail of today possible next.
Swing long met final obj 23800-23850 zone today and view closed. Holding below 23890 now balance and test of 23580 bounce else 23490/23420-23380 odds.After a balance if we stay above 23890 with value then it opens up a move towards 24050/24150.
Check plan for trade hypos.
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