NQ1! NAS100 NASDAQ 2023 FEB 27 WEEK
Did you take the Scenario2 short from 12271?
After the breakout, market is back to test previous rotation
zone. 11706 will be critical to sustain the breakout.
Possible scenarios:
1) 11706 support holds + higher lows = long
2) 11706 becomes rejection = short on test and reject
Volume Analysis:
Weekly = Lower vol down bar close off low - minor weakness
Daily: Ave vol down bar close off low = minor weakness
H4 = UHV narrow spread down bar + next bar higher
= demand coming in
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
13587 12987 12137
11706 10710
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
Did you take the Scenario2 short from 12271?
After the breakout, market is back to test previous rotation
zone. 11706 will be critical to sustain the breakout.
Possible scenarios:
1) 11706 support holds + higher lows = long
2) 11706 becomes rejection = short on test and reject
Volume Analysis:
Weekly = Lower vol down bar close off low - minor weakness
Daily: Ave vol down bar close off low = minor weakness
H4 = UHV narrow spread down bar + next bar higher
= demand coming in
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
13587 12987 12137
11706 10710
Remember to Like and Follow if you find this useful.
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.
Related publications
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.