Inside day and another 3-1-3 profile printed by NF in last session. Observation was that inventory was with sellers and defending 17735 expected 17650 and more.. They had a tight open auction and gone for this auction today then closed below dVAL.
Narrow range lower volume session and no sign of buyers..Sellers still got inventory with them advantage close for them.
Auction incomplete at low and cleared 17/04 tail. 17695 res now and staying below this looking for more downside as after stopping trending month doing slow one time frame down on daily now..
Levels wise, not moving above 17695 could drop to 17650/17620 and further weak below that for 17590/17560-17545 in next session.Not staying below 17600 and moving above 17655 could get 17685-17695 if accepts then 17725/17750 and above that 17780/17820-17830 possible.
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