Large gap up day could not sustain above IBH and gone for closing part of gap during mid session then left tail at low and closed at dPOC.Still a large gap remains at low.
Double print selling tail with failed auction at top.
Neutral center day after gap and tail at low with close advantage to buyers.
Buying tail of today should defend 24220 tmw and accept above 24320 as early as possible to get PDH and then further move higher possible.Once sustains above PDH, 24290 becomes good intra support.Goes means test of 24220 and sustains means test of buying tail then liquidation odds.
Weekly strong res at 24200 got cleared and upside remains open for 24410/24500/24630/24800 and swing support moves to 23950..Once sustains above 24400 support moves to 24140.
Levels wise for next session, failing to stay below 24220 and moving above 24275 could get 24310-24320 bullish above that for 24355/24385/24415-24430 then spike odds towards 24475-24490/24525/24560. If fails to stay above 24400 and accepts below 24320 then 24290/24255/24225 test and weak below 24220 for 24190/24155-24145 quite weak below 24135 for 24095/24050/24010 if sustains 23960/23920/23880-23860.
Charts and data :
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.
Comments