NF had a short covering profile in last session.Buyers for follow through expected to sustain above 19355 today defending 19320. They got a PDH swipe but could not sustain higher and all day gone for whipping at 19355 and 19320 then closed above dPOC after printing balanced profile.
Buyers of last session holding auction but could not got follow through higher..Buying tail at low from today's auction support for them tmw to hold and push higher.
Bell balanced narrow range session. Imbalance session possible next.
2days balance heavy top now and buyers need gap/drive to stay above this..Once done should not come back into value area..If happens, then back to VAL of last two days if sustains more downside possible.
Levels wise for next session, move above 19355 could get 19385/19410 then acceptance above 19415 possible to get 19440/19470-19480 if sustains 19515-19530. Failing to stay above 19420-19440 and move below 19365 could get 19325-19310 and weak below that for 19285/19260/19235/19205-19190.
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 :
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