NAS100 USD NQ1! NASDAQ 2022 Oct 17 Week
NAS100 USD NQ1! NASDAQ 2022 Oct 17 Week
Very good channel support long and short from 11035.
Price still adheres to the downward channel.
Short preference remains.
Possible scenarios:
1) Long on temporary retracement / channel support
2) Short on channel resistance
3) Short on test of break on breakdown of channel support /
10305
Weekly = Ave vol down bar close off low = some demand present
Daily = High vol up bar followed by down bar = effort no result
H4 = Ave vold down bar close at low = minor supply
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
13587 13200 12735
12140 11647 11117
10600 10359 10000
9748
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
(Updates will be on a fortnightly basis)
Very good channel support long and short from 11035.
Price still adheres to the downward channel.
Short preference remains.
Possible scenarios:
1) Long on temporary retracement / channel support
2) Short on channel resistance
3) Short on test of break on breakdown of channel support /
10305
Weekly = Ave vol down bar close off low = some demand present
Daily = High vol up bar followed by down bar = effort no result
H4 = Ave vold down bar close at low = minor supply
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
13587 13200 12735
12140 11647 11117
10600 10359 10000
9748
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
(Updates will be on a fortnightly basis)
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