NF had a minor spike down close in last session after a narrow range low volume day. Out of two scenarios discussed, they gone for scenario b of failing to hold above 23830 got drive down then all day balanced inside 23750-23660 range discussed then closed above dPOC.
Long liquidation day with selling tail.
Sellers of today need to sustain below this b early tmw else push back into selling tail and test value area of last session odds if accepts more upside as short covering profile.If rejects to accept into yday value area then could go for two way auction in selling tail of today and then seek PDL test and more downside.
As long 23630 holds, swing is for a move towards 23900/24020-24050. Breaks 23630 means test of 23565/23535-23510 band then bounce for a balance inside 3days range.
Check plan for trade hypos.
Charts and data :
Notes :
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