NF had a long liquidation session in last session. It has opened below PDL but could not sustain and all day gone for overlap auction with value area then closed at dVAH.
Buying tail and short covering profile.
dPOC skew higher into close. Buyers need to get drive/gapup to stay higher and once done should not come back into value area.
24950-24980 zone should be defended early in session to look for a move higher towards 25070/25120/25160+. Any rejection higher and back below 24980 could call for value overlap and buying tail test.
On daily timeframe, 24825-24920-25070-25165 roughly now could look for balance and then looking for range extension down for 24720/24660/24520 in coming sessions. Negation for this view at 25220.
Charts and data :
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