NQ1! NAS100 NASDAQ 2023 JAN 15
Did 2 trades last 2 weeks based on Scenario1 from 01 Jan's Analysis.
Intraday Test and Accept Long at 10787, TP200pts, and continuation
long on retracement on Tue 10 Jan
No demand on uptrend on all 3 TF analysis, minor weakness but
no trend changing weakness yet. Will look for long on retracement.
Possible scenarios:
1) Long if accepted at 11385
2) Short if rejected between 12400 - 11908.50
3) Breakout of rotation = possible long if price continues to trade
at upper boundary of rotation zone.
4) If Rotation happens between 12400 - 11908, trade at boundary
of range.
Volume Analysis:
Weekly = Low vol up bar close at high = No Demand
Daily: Low vol up bar close toward high = No Demand
H4 = Low vol up bar close off high = No Demand
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12987 12400 - 11908
11729 11385 10710
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Have a profitable trading week ahead.
