The day to day activity is not giving us any edge when it comes to organising market behavior and waiting for the direction to clear.
So I have attached composite profiles to filter the noise out and see what the market has done from the 3rd of Jan this year.
The answer- actually nothing.
But- the D shape is telling us that this is an important phase for the market’s next move and once this zone is cleared we should get this trading range as a possible support or resistance.
In the NF 4752 is the developing POC around value areas 4782 and 4731. A market close above or below these points is the next direction.
In the BN it is 8470 and 8302 with poc around 8344- 8360.