Outside day with double disbn auction + neutral day with failed auction at low on expiry day. Buyers next needed to defend 22600 else overlap session expected..They got open around PDH and balanced above 22600 in first session but later got extension down from 22600 and then closed at dPOC.
Inside day.
Double distribution down day.
Sellers advantage at close by data and auction..They need to stay below 22610 next session for more downside.
Back to back double distribution days after a rally from 22800. odds of going for balance roughly for a session or two between 22470-22560-22640-22740.
Swing wise no weakness staying above 22365.That goes means weakness.
Levels wise for next session, move above 22610 could get 22640/22670/22695 if sustains 22740/22790/22830-22840.Failing to stay below 22480 could bounce back to 22545 if accepts then 22575/22605 possible. Not able to stay above 22640 and staying below 22590 could get 22560/22535 weak below that for 22505/22480-22470 if sustains 22445/22410/22365 possible.
Weekly :
NF had elongated down profile and closed below dPOC last week.Balance or range extension down was bias and any move higher expected rejection in 22220-22260 band.Above 22260 marked for 22340/22440/22520. NF started the week accepting above 22260 and moving up.Stayed higher to get 22520 and more then closed above dVAH.
It was triple distribution week and as long as no early acceptance above 22720-22740 band by drive or gap, looking for sm balance in current week. 22470 good support so odds of filling between 22740-22470 to start the week and staying below 22470 could drop to 22400-22365 zone then bounce else 22260/22200 possible. Upside above 22740 could rally towards 22820-22840 if sustains 22930/23020 possible.
Monthly :
Apr got clean extension down for third disbn and bounced back higher to test low of upper disbn.Hold 22740 and one test to 22470 i.e, dPOC of month then bounce possible.If accepts 22740 possible to get dVAH/high of month around 22820-22840 then 22930/23020 as spike close odds.dPOC 22470 sustains means could drop to 22365 bounce else 22260/22080.
Charts :
Daily
Weekly
Monthly
Data :
Notes :
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