NAS100USD NQ1! Nasdaq 2021 Aug 16 Week

146
NQ1!
syot kilat

NQ1! Nasdaq 2021 Aug 09 Week

Last week's short from Red zone was good.
Test for supply at 14946 was successful.
Concern: Market approached resistance & demand line on narrow spread,
background was effort no result.

Monthly: Narrowing spread, SOT, Tiny Very Low Volume Bar = Weakness
Weekly: Narrowing Spread, Effort no Result = Weakness
Daily: Narrowing Spread
H4: Narrowing Spread, Effort No Result

Strategy for Short (Test and reject):
1) Upthrust followed by weakness back into 15134 - 15172
2) Resisted by Daily Channel Demand Line

Strategy for Long (Test and support):
1) Green zone
2) 14946
3) Daily Channel Demand Line becomes support
4) Bullish Absorption, Red zone becomes support

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Have a profitable trading week ahead.

Penafian

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