NQ1!
Last week bullish absorption and price made new high.
Concern:
- H4 UHV ultra wide spread bar looks like buying climax,
- Very high bearish volume has appeared since the uptrend from 19 Aug,
keep stops tight if long
- shortening of thrust
Weekly = High volume up bar close on high = strength
Daily = High volume up bar close on high = strength
H4 = Ultra high volume ultra wide spread up bar followed by tiny spread
up bar closing on low = weakness
Strategy for Short: (Test and reject):
Strategy for Long (Test and accept):
Entry will be base off price reaction to these levels:
- 15434
- 15377
- 15314
- 15138
- 14999
Like and follow if you find this useful.
Have a profitable trading week.
