We had an inside day in the NF yesterday.
Per the theory of Inside day breakouts we are tracking a clean break of value and range should set up a 50 point move.
Let's look at reference levels to initiate the trade.
In the chart above 6036 is the upper extension of the 2 day vwap and the green lines are the value areas.
The blue line running across the day dpoc.
With the vwap and dpoc for the 2 day auction at 6014 the market will be balanced exactly at that point. The upper region to get a breakout if 6036 and the lower point is 5991. We had a move to 6038 at the open which has come back to the centre line at 6014 so far.
Play the break for a new trade with SL around 6014 with 7 points of filter.