NQ1! NAS100 NASDAQ 2023 FEB 13 WEEK
NQ1! NAS100 NASDAQ 2023 FEB 13 WEEK
Result for week of 06 Feb yielded 350pts in total from 2 trades.
Market testing breakout area 12140-12271.
Possible scenarios:
1) Long on test and accept of breakout area 12140-12271
2) Short on test and reject of 12140-12271
Volume Analysis:
Weekly = Ave vol down bar close toward low = minor weakness
Daily: Ave vol down bar close in middle = minor weakness
with demand
H4 = UHV down bar close off low = demand coming in
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
13587 12987-12927
12811 12572-12465 Rotation
12140-12271 11603
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Have a profitable trading week ahead.
Nasdsaq
BEARISH RETRACEMENTResistance trendline has been indicated at touched meaning retracement back to 50% (middle trendline) and if that breaks we looking at a full retracement to the delayed right hand side shoulder , which would complete a inverse head and shoulder and market will rally up after , remember this is a daily/4hr chart anaylsis which could take a week or 2 to completed depemding on the market movement.. Have fun
NASDAQ 100 FRIDAY BREAKOUTIf nasdaq break and close above trendline we can look to go long.
maybe a trendline retest.