NAS100 USD NQ1! NASDAQ 2022 Apr 18 week
Short on retracement worked wonderfully last week.
If price attempts the 13666 and 13100 region. i, this may mean we need
to look at market behavior being in a rotation structure between
15160 & 13100.
Possible Scenario mapped out:
1) False break of 13881 and price returns above it, is support, and
long opportunity may be presented
2) If market attempts Upthrust at `14391, and rejected = short
opportunity.
Weekly = Low vol down bar closing at low = weakness
Daily = Average vol down bar closing at low = weakness
H4:Average vol down bar closing at low = weakness
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
16767 16481 15992
15492 15160 14391
13881 13666 13025
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Have a profitable trading week ahead.
