NAS100 USD NQ1! NASDAQ 2022 Oct 17 Week
Very good channel support long and short from 11035.
Price still adheres to the downward channel.
Short preference remains.
Possible scenarios:
1) Long on temporary retracement / channel support
2) Short on channel resistance
3) Short on test of break on breakdown of channel support /
10305
Weekly = Ave vol down bar close off low = some demand present
Daily = High vol up bar followed by down bar = effort no result
H4 = Ave vold down bar close at low = minor supply
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
13587 13200 12735
12140 11647 11117
10600 10359 10000
9748
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
(Updates will be on a fortnightly basis)
Very good channel support long and short from 11035.
Price still adheres to the downward channel.
Short preference remains.
Possible scenarios:
1) Long on temporary retracement / channel support
2) Short on channel resistance
3) Short on test of break on breakdown of channel support /
10305
Weekly = Ave vol down bar close off low = some demand present
Daily = High vol up bar followed by down bar = effort no result
H4 = Ave vold down bar close at low = minor supply
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
13587 13200 12735
12140 11647 11117
10600 10359 10000
9748
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
(Updates will be on a fortnightly basis)
