NAS100 USD NQ1! NASDAQ 2022 Jun 13 Week
Last week short preference worked well. Scenario1 UT target 12180 reached.
Possible Scenarios:
1) Short on retracement
2) Rotation: Trade at boundary (wait for signs of S/R)
3) Test and Reject of T1 area for short
4) Downtrend continuation after rotation: Short on Test and Reject
Weekly = Average vol down bar closing at low = weakness
Daily = Low vol wide spread down bar closing at low = minor strength
H4: Low vol down bar close off low - minor strength
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
14729 14365 13587
13025 - 12883 12442 12256
11855 11518 11100-11068
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Have a profitable trading week ahead.
