NQ1! NAS100USD NASDAQ 2023 AUG 20
Scenario 2 short yielded handsome profit if you had followed 07 Aug's
analysis. 18 Aug's bar showed some demand.
NQ1!
Possible scenario:
1) Continued short opportunity if market test downward trendline and is rejected
2) Market tests breakdown area 15138-15511 (yellow box), and is rejected = short
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
16029 15524 15138 14638
*Longer term: 13350 needs to be supported for long trend to be intact.
Price/Volume/Trend Analysis:
Weekly: NTC Ave vol down bar, close off low (some demand)
Daily: Ave vol down bar | ENR | SOT | DOWNTREND
*NTC = Non-Trend Changing | PTC: Potential Trend Changing
Like and follow if you find this useful | *For education purpose only.
Have a profitable trading week.
Scenario 2 short yielded handsome profit if you had followed 07 Aug's
analysis. 18 Aug's bar showed some demand.
NQ1! Possible scenario:
1) Continued short opportunity if market test downward trendline and is rejected
2) Market tests breakdown area 15138-15511 (yellow box), and is rejected = short
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
16029 15524 15138 14638
*Longer term: 13350 needs to be supported for long trend to be intact.
Price/Volume/Trend Analysis:
Weekly: NTC Ave vol down bar, close off low (some demand)
Daily: Ave vol down bar | ENR | SOT | DOWNTREND
*NTC = Non-Trend Changing | PTC: Potential Trend Changing
Like and follow if you find this useful | *For education purpose only.
Have a profitable trading week.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.