NF had a inside day in last session controlled by supply.22120-22150 sellers had to defend else squeeze from sellers expected towards 22180/22220. They gone for open test drive up in IB clearing 22150 and got till 22210 then all day remained in IB range then closed at dPOC.
Normal day auction within IB range.
Left poor high at top.
Short covering day.
Buying tail of today is good ref where good flip happened and weakness any only sustaining below 22130 if we open inside range.Job of buyers is to defend this zone and sustain above 22180 early in the session to get PDH swipe by clearing poor high and then later move towards 22260 if sustains more bullish till close.
Extension above PDH but failing to stay higher and accepting below POC of the day could lead to most of session chopping inside last two days range and testing 22120/22090.
Levels wise,failing to stay below 22130 and move above 22180 could get 22205 and bullish above 22205 for 22235/22260 if sustains 22305/22335/22370-22380/22420 doable. Move below 22160 could get 22130 and bounce else 22090-22085/22060-22050 possible. Not able to stay above 22240 and moving below 22180 could get 22140-22130/22090-22085/22060-22050.
Charts and data :
Notes :
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