paradox677

NQ1! NAS100USD NASDAQ 2023 22 May Week

CME_MINI:NQ1!   Futures NASDAQ 100 E-MINI
Scenario1 breakout offered a fantastic week.
Hope you had joined in the ride. Target 13740 hit, and AR tested.

Possible Scenarios:
1) Continuation Long Strategy: Long on retracement. Price has to
come down on low volume
2) Breakout failure: If there is strong volume on down move,
it may signify a yet to be completed rotation, with more potential for
downside (zone 13740 - 10710)

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

15269 13740-13913
13350 12950

Price Volume Analysis:
Weekly: Ave vol up bar close off high = potential weakness
Daily: 19 May UT bar, ave vol= = potential weakness

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Have a profitable trading week.
*For education purpose only.

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