NQ1! NAS100 NASDAQ 2023 JAN 23
WISHING CHINESE FRIENDS A PROPEROUS YEAR OF THE RABBIT!
Did you do Scenario1 11385 long? Market gave at least 200pts.
Possible scenarios:
1) Short if rejected between 12400 - 12140 / 11727
2) Continuation long on retracement if price retraces on low volume
or supported by channel
3) Breakout of rotation = possible long if price continues to trade
at upper boundary of rotation zone.
Volume Analysis:
Weekly = Low vol up bar close off high = No Demand
Daily: Ave vol up bar = No demand
H4 = High vol up bar close toward high = No Demand
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12987 12400 - 11908
11729 11385 10710
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Have a profitable trading week ahead.
