Should there be a recovery:
New PP zone at 3130-3140 at this point.
Can drag down should NF flounder at lower levels.
3115 to 3155 not an easy passage, anf if the thrust is strong, short covering would help.
The point is, in the gap down open this morning, NF fell through the base PP zone (I have been writting of three, remember) which at that time stood at around
3215....and got dragged down steeply following today's fall to the levels mentioned in the above post in red.
So a test of these levels a while ago, for me validates today's price action. It's no longer a false move.
This is not to say that area will not be tested again. These tend to be magnetic zones....but a falling away creates a big move.