Large selling tail and long liquidation profile for NF in last session.Sellers of last session had to stay below yday b else overlap to squeeze expected. They started accepting below PDL straight and all day kept it down. Below 23420 marked for 23325 and expected that to hold on daily/weekly goes means 23200 expected and NF moved way below that then closed below dPOC.
Solid long liquidation double distribution down day.
3IB day marking new low for Feb.
23325-23365 solid swing res on daily as well as weekly now.As long as this holds balance and skew down odds towards 23010/22960/22890. Bounce any to 23220/23285 is short with negation above res zone mentioned above.
Check plan for trade hypos.
Charts and data :
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