NAS100 USD NQ1! NASDAQ 2022 FEB 28 week
Last week's short on break of boundary was fruitful, with price
reaching a major demand area. Thereafter, demand came in
strongly to protect their position, presenting to us a wonderful
long opportunity.
Preference will be to long on retracement.
Scenarios:
1) If market comes down on low volume, look for long when price
finds support.
2) Supply overcome demand for short
Weekly = Average volume down bar closing off low = some demand,
but weakness still present.
Daily = High volume shakeout followed by average volume up bar
closing at high = Strength
H4: Very High Volume up bar closing at high = Strength.
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
16767 16481 15992
15492 15160 14180
13700 13246 13025
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Have a profitable trading week ahead.
