13th Dec 2019

@9.00 AM

NF Closed @ 12022.25. Scaled up and repaired the 12040 Anomaly.

NF VAs
VAH - 12022
POC - 11993
VAL - 11982

Hypo - 1 - If price opens above YVAH, it might drive up to test 12080 / 12100 levels or price might drive down and take support at 12000 levels and bounce to test 12100 levels. 12100 zone is important because this zone is where price scaled down.

Hypo - 2 - If price opens inside YVA, it might do some balancing moves for a while. it might take support at 11980 (strong support zone) and bounce to test 12100 levels.

Hypo - 3 - If price opens below YVAL, it might drive down and if 11960 levels breach with momentum, it might test 11910 levels.

Side Notes:
1) After a NEUD, it was kind of slow trending day. we could have gone a swing long, but price did not test the VWAP zone for entry.
2) 12100 is a huge resistance zone.
3) 12040 Anomaly cleared.


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