Another Balanced,Low range day today.
=> NF rotated in previous day's range.
=> Only Difference is yesterday closed @ PVP and Today it Closed at lower side of Range after trying Range
Extension on upside.
=> So 2 days its Rotating below 6000 Level.
=> As NF is showing one or two days Balance leading to Imbalance, and After 2 consecutive Balanced days,
there is possibility of Vertical move tomorrow or Friday.
Good Trade Opportunity will emerge only after break of this balance zone.
1) It may Continue Move Down , n vertical move on downside.
2) or It may move back inside earlier balance zones on daily structure. i.e. above 6000
Lets see how it opens n develops tomorrow.
But so far, bias is on Downside.
P.S...There was not a single Algo bar today, so we have no ref level today based on it.
=> NF rotated in previous day's range.
=> Only Difference is yesterday closed @ PVP and Today it Closed at lower side of Range after trying Range
Extension on upside.
=> So 2 days its Rotating below 6000 Level.
=> As NF is showing one or two days Balance leading to Imbalance, and After 2 consecutive Balanced days,
there is possibility of Vertical move tomorrow or Friday.
Good Trade Opportunity will emerge only after break of this balance zone.
1) It may Continue Move Down , n vertical move on downside.
2) or It may move back inside earlier balance zones on daily structure. i.e. above 6000
Lets see how it opens n develops tomorrow.
But so far, bias is on Downside.
P.S...There was not a single Algo bar today, so we have no ref level today based on it.
Thanks Vandana!
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