NAS100 USD NQ1! NASDAQ 2022 Aug 15 Week
Last week's channel rejection trade
and long on test of 12948 is good.
Long on retracement remains preferred strategy.
Possible scenarios:
1) Upward channel continues for long on retracement.
2) Shortening of Thrust observed, upward momentum have be weakening.
Market may present temporary short opportunity.
Weekly = Ave vol up bar = minor strength
Daily = Low vol up bar = minor weakness
H4: Weakness observed on bar
A, with a test at B = minor weakness
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
14350 13580 12948
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Have a profitable trading week ahead.
