NQ1! NAS100USD NASDAQ 2023 JULY 13

17 июл. 2023 г.

NQ1! NAS100USD NASDAQ 2023 JULY 13

Wait for Mon 17 Jul's bar close to determine if Friday's mark down is for additional buying / weakness.

Possible Scenarios:
1) if Mon 17 Jul closes higher = long on reracement
2) If Mon 17 Jul closes lower = look for low volume mark up, rejection, then short at rejection
near recent resistance / high

Price Reaction Levels
Short on Test and reject | Long on Test and Accept

16646 15839 15507
15118 14850 14368

*Longer term: 13350 needs to be supported for long trend to be intact.

Price/Volume/Trend Analysis:
Weekly: NTC ave vol up bar close off high = minor weakness | Uptrend
Daily: UT ave vol bar in an uptrend = wait for next bar to determine if this is
marked down for additional buying or weakness | Uptrend

*NTC = Non-Trend Changing | PTC: Potential Trend Changing

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Have a profitable trading week.
*For education purpose only.