NAS100 USD NQ1! NASDAQ 2022 FEB 21 week
Since price is near lower boundary, will WAIT for reaction there.
a) Price returns into previous rotation zone 14582 – 14462 =
short at upper boundary resistance and and
long at lower boundary support 13706-13845
b) Short on trendline resistance / resistance at price reaction levels
c) If price breaks lower boundary and then returns above it and is
supported, will look for long opportunity
d) If price breaks through lower boundary on high , wait for a
test and reject at the edge of the boundary to short.
Weekly = Average down bar closing off low = some demand,
but weakness still present.
Daily = Average down bar closing off low = some demand,
while price came down on increasing = strength
is still present.
H4: UHV down bar closing off low followed a high attempt
for higher prices but closed near its low = weakness
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
16767 16481 15992
15492 15160 14462
13706 12955 12465
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Have a profitable trading week ahead.