We reversed our overnight shorts in NF and BN in the opening session and saw it print it’s way to good profits during the day.
When we track Orderflow, it is very important to note down the levels at which the buyers and the sellers show up and their influence around the same.
Today’s buyer was at the same point as Friday and will be an important reference point in the sessions to come.
The same picture in the BN chart as well.
In the profile chart, after the consolidation and the balanced profile of Friday, a big move was on the cards once we broke value and range.,
Have a look at the chart below :
Two things are clearly visible in the chart :
1) an entry into the previous smaller bracket as shown in the smaller blue rectangle. A bracket is considered a larger value area and once it enters this zone it can move right through it , similar to the 80 % rule we track during intra day
2) The balanced profile of Friday, projected a move back to the day’s Point of Control ( POC) and a trending move to begin from there which should have gone past the day’s value area and range.
All the above happened. the buyer was due.