NAS100 USD NQ1! NASDAQ 2022 Aug 15 Week

NAS100 USD NQ1! NASDAQ 2022 Aug 15 Week

Last week's channel rejection trade
and long on test of 12948 is good.
Long on retracement remains preferred strategy.

Possible scenarios:
1) Upward channel continues for long on retracement.
2) Shortening of Thrust observed, upward momentum have be weakening.
Market may present temporary short opportunity.

Weekly = Ave vol up bar = minor strength
Daily = Low vol up bar = minor weakness
H4: Weakness observed on bar
A, with a test at B = minor weakness

Price reaction levels:
Short on Test and Reject | Long on Test and Accept

14350 13580 12948

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Have a profitable trading week ahead.