NF on last Thursday made a higher close with some poor references left behind. Bias was that if it opens in range then odds of repairing those zones and then bounce towards higher prices. If open outside range then these poor zones could wait. NF next session open higher with a gap and gap held till closing. Higher value closing with narrow range and lower volumes...
SBIN > Weekly OTF UP with latest DD Week Profile
Closing of the week near DVAH but daily closing not
good for bulls and can expect a pullback
This pullback can test the Weekly LVN zones marked
on the weekly chart which could be a
potential opportunity to look for longs
NF 3rd day of OTF up on daily charts. Last 2 days we had a composite
P shape profile with VPOC skew. Bulls needed a gap or drive with this
VPOC to stay higher. Today they got that gap up open to stay higher
above PDH. It was an early short covering profile in making. When such
short covering ( P profile ) breaks VWAP its time for liquidation. This
happened in NF...
