NF weekly...Day is for overlapping auction inside the lower distribution and then for next week look for follow through down and if it fails then look for all those multi distributions to be filled.
# Market Profile #
xitter.cf/Trade_Pro_SM/status/21… . NF almost near 23440 and the pullback is done. Now lets get ready for the next move towards 22850 levels....
# Market Profile #
Yesterday: Elongated profile + poor VA Open: Inside range, held PDL → objective shifted to repairing poor VA (now happening).Next trigger: Follow-through above today's high targets 23,440. Potential 23,440 test before the next leg down toward 22,850
# Market Profile #
NF 5th day of OTF down.. Today gap down and recovery but unsecured lows. So lets not be in a hurry to find the bottom in place.
# Market Profile #
A potential bottom formation in NF???.. Wait todays low is unsecured... So lets wait for the daily OTF down to be invalidated for confirmation.
# Market Profile #
NF monthly is OTF down, Weekly is OTF down for last 2 weeks and daily is OTF for 5 days and then some consolidation followed by back to back gap down opening...
# Market Profile #
NF.... Did a reverse hook at the open and now trapped inside these two distributions...
# Market Profile #
Nifty Fut : The E period printed a tail. In profile theory, a valid tail should initiate follow-through in subsequent periods; otherwise, its a weak conviction. Reading Market Profile is essentially solving a puzzle piece by piece as new market-generated information arrives.
"NF Update: The rollover gap has been filled, and price has returned to the 25th's spike zone with TPOs strictly one-time framing down. The lower balance is at risk if we break below the spike base.
# Market Profile #
"Nifty has reached a critical inflection zone. It is time for responsive buyers to step in and absorb the prevailing supply."
# Market Profile #
A huge roll over gap in NF.... Expect NF to test at least 50 % roll over gap before any further trending moves.
# Market Profile #
NF responsive buyers took charge from 24143 levels and got back inside PDR... Max they can go is to test the 24250 levels and overlap with yesterday lower distribution..
# Market Profile #
NIFTY gap open finally breaks the multi-day OTF down streak! 📈📉 We are officially back in balance.
Looks like Smart Money finished their job, secured the bag, and handed the market over to retail. Welcome to the chop zone.
# Market Profile #


















