NF had a 3-1-3 profile last session..First session they held it above that profile in tight range then closed with spike higher today.
Buyers defended two days balance zone 18730 today and left failed auction low there then gone for push higher..18740-18750 now large transaction exchange/rollover zone and becomes swing support..
Neutral extreme up day with spike close and almost a 3IB day.18801-18822 spike zone.
Buyers next need to sustain spike and scale naked POC 18835 zone to remain bullish and once done never come below spike zone in next session.If happens then retest of today rollover zone possible and weak below that.
Levels wise for next session, failing to stay below 18790 and move above 18815 could get 18835 and bullish above that for 18865-18875/18905-18915. Failing to stay above 18860 and move below 18820 could get 18795 if sustains weak for 18770-18765 and quite weak below that for 18735/18705-18695.
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.
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