NAS100 USD NQ1! NASDAQ 2022 SEP 12 Week
Last week Scenario 1 long at support of 12018 proved profitable,
an exhibition of the 3 TF's minor demand.
Caution: Long trap observed by the low volume up bar, do not
chase long.
Possible scenarios:
1) Short opportunity if:
market goes up on narrow bars + closes are
near to each other, then market retraced lower, attempts previous
high and gets rejected
2) Long on support of 11930-12085 // 12405
Weekly = Ave vol up bar close toward high = minor demand
Daily = Friday's bar went up on very low volume = weakness
H4: Observation of market going up on average and low volume =
weakness
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
13587 13200 12735-12823
12405 12085 11930
11348
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Have a profitable trading week ahead.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.