NQ1! NASDAQ 2023 SEP 02 Potential Weakness

NQ1! NAS100USD NASDAQ 2023 SEP 02快照

Neither scenario manifested for last week, didn't manage to trade.
Daily vol analysis still shows that Demand < Supply, while weekly
analysis may be pointing to potential buying climax, which further
weaknesses must be manifested in order to substantiate this story.


Possible scenarios:
1) After weakness on the last 2 bars, short if
channel or 15547 is resisted
2) Or short from 16030-15900 zone
3) Long on retracement if channel support is obeyed

Price Reaction Levels
Short on Test and reject | Long on Test and Accept

16030 15547 15049 14635 13960
*Longer term: 13350 support must hold for long trend to be intact.

Price/Volume/Trend Analysis:
Weekly: Ave vol up bar close of high = NTC minor weakness
Daily: No supply up bar followed by S>D bar = PTC weakness
*NTC = Non-Trend Changing | PTC: Potential Trend Changing

Like and follow if you find this useful | *For education purpose only.
Have a profitable trading week. NQ1!
NASDAQ 100 CFDnasdaqNASDAQ 100 CFDNASDAQ 100 E-MINI FUTURESSupply and DemandSupport and Resistanceus100ustech100Volume

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