NF closed with dPOC skew on short covering profile in last session. Buyers needed gap/drive without coming back to value area of P. They got a gap today but could not sustain and got open drive down accepting in value area. Post IB started moving higher to clear IBH then got clean squeeze and then at close pulled back to vWAP and closed at dPOC.
Failed double distribution trend day. As long as holding upper balance of the day odds for balance to fill today profile next session.
Solid buyers seen today between 25020-25045. As long as this holds could chop higher. Weakness below 25020 to get lower end of today's profile.
On daily timeframe, 24825-24920-25070-25165 roughly expected balance. They did the same today between 24920 and 25165. Now this should hold below 25165 on swing else squeeze higher possible.
Charts and data :
Notes :
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