NAS100 USD NQ1! NASDAQ 2022 Jun 06 Week
Last week 12594 fought hard to hold up the market. UT has been confirmed now
as market closed below 12594. Preference will be to short on retracement with
3 TFs showing weakness on the background.
Possible Scenarios:
1) UT setup confirmed: Targets 12180 // 11690
2) Breakout, then we will need to adjust strategy to long on retracement
Weekly = Average vol UT bar close below H/C of previous bar = weakness
bar = strength + reversal
Daily = Average vol down bar close toward low = weakness
H4:Very High vol narrow spread up bar followed by lower vol up bar = weakness
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
14729 14365 13587
13025 - 12883 12454 - 12594
12185 11518 11100-11068
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Have a profitable trading week ahead.
