NAS100 USD NQ1! NASDAQ 2022 Jun 20 Week
Last week was a week for the shorts. Nice short on test of gap, and previous support
11068 was tested. Some demand returned on Friday, especially salient on the weekly bar.
Support may push prices higher. I'll prefer to wait for price reaction to 11068.
Possible Scenarios:
1) Short if retracement to high price levels are on low volume, and then market continue to fall
2) Rotation between 11068-10358 (grey box): Trade at boundary (wait for signs of S/R)
3) History repeats
Weekly = Higher vol down bar close off low = demand coming in
Daily = Higher vol down bar close off low + ave vol up bar close
off high = minor strength
H4: UHV widespread Up bar + lower bar = Effort no result = weakness
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12442 11795 11068
10788 10563 10359
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Have a profitable trading week ahead.
