NF had a 3-1-3 profile yday and PDL was ref for buyers to defend..It swiped PDL today but could not sustain and all day gone for slow move higher and cleared PDH then closed at dVAH.
Outside day.
Failed trend day and still ended up closing at highs..Suggests intent of buyers/lack of intent from supply.Buyers need to defend 17775-17790 now for next session and look for more upside. Weakness if starts accepting below 17775.
Staying above 17775-17790 it could move towards 17850-17870 if sustains 17910/17940 and any momentum above that could get 17990-18020. Failing to stay above 17850 and moving below 17805 is weak for 17775 and quite weak below that for 17745/17705-17695/17665/17620.
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.
Comments