NF had a neutral extreme down day with incomplete auction at low in last session.. But,had a gap up at PDH today which could not be used by buyers who put in lot of effort for some time which eventually over taken by supply all day which lead to double distribution down day to clear PDL then closed at lower quad.
It was double distribution down trend day closing with dPOC skew down and close there..Advantage sellers at close..They need gap/drive after such profile else probe is back to VAH possibilty.
7th day of one time frame down and another day buyers attempt failed and supply still in control.
Negation of swing short at 17050 got saved today and met that missed 16820 today..Now, 16740/16650 remains and acceptance below 16650 opens up 16500-16450. Negation now moves to 16950 for swing short.
Charts and data :



Detailed plan with references to carry forward, actionable trade hypos for next session, any importance nuance from the day and view based on weekly and monthly time frame are available to members in private blog.Above report is only part of it.
Notes :
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