NAS100 NQ1! NASDAQ 2022 Dec 12
NQ was resisted at 12140, so scenario2 short worked well.
I will be off trading to enjoy the holiday season, hope you get some rest and refreshing
for this season as well.
Repeating again that volume is expected to remain thin, it will be cheaper to whipsaw the market.
Speaking plainly, its means it will be a lot easier for the Smart Money to hunt your stops.
Possible scenarios:
1) Preferred scenario: Take a well-deserved break, review your trading, and come back with much
clarity, purpose and wisdom for the year 2023.
2) Rotation zone 12140 - 10710: Trades can be executed at boundary of range.
Although not expected to happen, still keeping the breakdown / breakout scenario for future reference:
3) Breakdown scenario if redistribution schematic is fulfilled
= Short on test of breakdown of 10890 / 10485
4) Breakout of rotation = possible long if price continues to trade
at upper boundary of rotation zone.
Daily = UT observed for possible short opportunity
H4 = UT supply> demand = possible short opportunity
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12987 12140 11455
10710 10485 10000
9748
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Have a profitable trading week ahead.
