NAS100 USD NQ1! NASDAQ 2022 May 16 week
Last week market continued down after the breakdown from 13025.
Possible scenarios
1) Test and reject of 12543
2) Test and reject of breakdown area 13025-12895
Weekly = High vol up bar close off high = weakness
Daily = Low volume up bar closing toward high = minor strength
H4:Very high vol up bar close toward low followed by average vol
up bar close off high = weakness
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
14729 14365 13587
13025 - 12895
12543 12130 11690
11100-11068
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
