NF had a large gap at swing res zone at 22060 and after having open auction got spike higher in IB.Failed to sustain above IBH and gone for testing IBL then bounced and closed at dVAH.
Gap up.
Double print tail low.
Failed auction at top.
Neutral day with poor value area.
NF back into upper disbn of monthly and weekly.Bearish view negated and neutral mode now for auction to take place roughly between 21960-22220-22380. Swing support now at 21960-22000 and intra support immediate next at 22060-22080. Job of buyers for next session is to defend 22060 and stay higher to clear FA top then get more squeeze higher towards 22180/22220/22260 and above.
Not able to sustain above 22120 could drop to 22060 to repair poor value area and staying below that is weakness for 22020/21990/21960-21940 then bounce else 21910-21890 possible.
Charts and data :
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