NQ1! NAS100USD NASDAQ 2023 15 May Week

13 de mai. de 2023

NQ1!
Last week 1 trade done at short from rotation high, stopped out,
we will be looking at possible senarios below:

1) Breakout success: Price comes down on lower volume, finds support,
for a Test and Accept long. Nearest target is 13740.
2) Breakout Failure: Price rejected at higher prices, for a test and
reject short, back into rotation area.

Note: If you see higher lows being formed in the rotation area, this may
be followed by a successful break, and market will
attempt 13740. Draw your trendlines to observe.

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

15186 13740 13350
12936 12130

Price Volume Analysis:
Weekly: No Demand narrower spread up bar close off high = Weakness
Daily: Higher bullish volume observed, close off high = weakness

Like and follow if you find this useful.
Have a profitable trading week.
*For education purpose only.