Large selling tail and long liquidation day in last session.Auction looked incomplete at low.Staying below 26060 retest at PDL then goes means one more quick liquidation drive down expected. NF had a open test drive down from 26060 to get PDL and then got quick liquidation post IB then all day remained in balance and then closed at dPOC.
3-1-3 profile with tail at both ends after a long liquidation day.Supply holding auction still.Imbalance session possible next. Sustain value area = trend else move back to other end of value area and look for trend that side.
25990-26020 sellers need to hold and push down for 25920 and staying below that weakness for 25895/25865-25835 bounce else 25780/25750-25730.
Not able to stay below VAL 25920 and moving above 25995 could get 26020/26050-26060 squeeze possible above that to get 26100/26135 reject else 26175/26210/26240. Once moves above 26060 should never drop below 25990.
Charts and data :
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