NAS100 USD NQ1! NASDAQ 2022 Apr 04 week
Per last week's concern of weakening upward momentum,
market made a slight retracement.
14391 has to hold for long momentum to continue.
Possible Scenario:
1) If 14391 becomes resistance, market expected to test lower
levels, with the potential of re-distribution play.
2) 14391 is supported or formation of higher low on daily chart
= long opportunity (there has yet to be test of breakout on
the daily TF)
Weekly = Ave vol UT bar rejecting higher prices. If next bar closes
lower, we can confirm weakness.
Daily = Average vol down bar closing in middle =
minor strength (NS)
H4:UHV down bar followed by up bar = strength
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
16767 16481 15992
15492 15160 14391
13666 13025
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Have a profitable trading week ahead.
