NASDAQ. Weekly trading levels 13 - 17.05.2024

During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post.

The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)

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I don’t play guess the direction (that’s why there are no arrows with direction), so zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade.
Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.

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Trade attivo:

The day passed sideways, we continue to observe

Trade attivo:

It's a shame they didn't reach the lower zone. Let's look further

Trade attivo:

We got stuck at the top of the zone. I’ll see if we’ll draw an entry point or not

Trade attivo:

We held the zone in the morning. good momentum until the next one, good pullback. further only into the sky, we were not there, there were no volumes there)