NAS100 USD NQ1! NASDAQ 2022 Mar 21 week
Market tested 13000-13100 and provided long opportunity.
Price is now about previous high.
Possible Scenario:
1) Market returns below 14327 and back into the 14327-13100
rotation zone.
2) Market finds acceptance at the 13900/14327 levels for
long opportunity.
Weekly = Average volume up bar closing at high = strength
(strong reversal bar)
though still weak
but weakness still present.
Daily = Average volume up bar closing at high = strength
H4: Average volume up bar closing at high = strength. Concern is
the previous ultra high volume bars didn't show result from effort.
Exercise caution if long, keep stops tight.
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
16767 16481 15992
15492 15160 14729
14391 13900 13246
13025
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Have a profitable trading week ahead.
