NF had a NE up day with FA low and spike up close on Tuesday.Buyers next expected to sustain above 18335 naked POC zone to stay bullish for 18875/18915. NF had a gap up and stayed higher all session to probe till 19000+ then closed below dPOC.
NF negated excess to print ATH and got clean extension above June balance. 19000-19040 (July adjusted) becomes swing support now to look for sideways to upside skew.
Gap up and buying tail.
It was trend day for most session then turned into short covering P profile. Buyers next need to scale POC and PDH and once done should stay higher above POC all session.Failing to do so possible for new balance to emerge.
Back to back 3IB days..New balance possible incase of not getting one time frame up after last session auction and this balance should hold swing support mentioned above.
Levels wise for next session, move above 19080 could get 19110/19140-19165 then above 19180 could get 19220-19230. If fails to stay above 19110 and moving below 19065 could get 19035/19005-18995/18965.
Charts and data :
Current month
Next month
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.
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