NF had a clean gap up then spent entire day in first 20mins range to close at dVAL.
Narrow range,low volume,normal day auction leaving poor high top.
Buyers need to start the session early by clearing poor high at top and then all day sustain higher..Failing to do so could drop back in gap zone and then spike zone of last week to test old demand.
6th day of one time frame up.
Levels wise for next session, failing to stay below 18170 and move above 18210 could get 18240/18270 if sustains 18310-18330 possible. Failing to stay above 18240 and move below 18205 could get 18170 and if stays below then more weak towards 18140-18120/18070/18040.
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