9th Dec 2019

@9.00 AM

NF closed @ 11955

NF VAs
VAH - 12073
POC - 12003
VAL - 11984

Hypo - 1 - If price opens below YVAL, it might drive down to test 22nd Nov PoC 11910 zone. Price closed exactly at Volume PoC, if it opens above it, price might take support from the Volume PoC and bounce inside YVA.

Hypo - 2 - If price opens inside YVA, between 12003 and 11980, it might drive down to test Y Volume PoC and bounce back to test 12040 / 12060. If price opens between 12073 and 12003, expect some balancing move, later it might break higher to test 12090 or break lower to test 11910

Hypo - 3 - If price opens above YVAH, it might drive up and test 12100 / 12120.

Side Notes:
1) Dec 5th and Dec 6th IB is small 26 /28 points. Both the days price closed near lows.
2) 6th Dec seems to be almost down trend day. except for G period broke F period high.
3) ViX down by almost 5%. @ 13.64
4) The Zone where NF closed has some good support, if you see the 25th Nov profile, price drove up from 11920 zone. So high probability for price to take support around this region and bounce.


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