Failed auction at top and neutral center day for NF in last session.Observation was that supply had advantage at close with incomplete auction at low hence downside stretch expected towards 23715/23675.they got gap down at 23675 then after IB bounced back to close gap then made extn to POC of last session then closed at dVAH.
Lower value day with dPOC skew close for which 23750-23765 support next session.They need to defend this incase of open inside range or better get gap or drive up after such close then never come back below POC.Failing to do so and moving below 23750 calls for value area fill up.
Good double print tail at low and that should hold else liquidation odds.
Swing down marked for 23715/23650/23580/23520/23445/23335/23220 and first two obj cleared now with a move below 23650. Negation same 24100 to look for remaining obj.
Levels wise for next session, If fails to stay below 23670 and moves above 23725 could get 23760/23795-23810/23840/23875/23905. bullish above 23910 for 23945/23975/24005/24035 further bullish above that for 24075/24110.Weak below 23790 for 23765/23730-23715/23685 bounce else 23650-23635/23580/23535/23495-23480 or intra bounce any fails to stay above 23895 and sustains below 23810 then 23785-23770/23730-23715/23685.
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