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...
Resistance 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...
If nasdaq break and close above trendline we can look to go long. maybe a trendline retest.