NQ1! NAS100 NASDAQ 2023 JAN 01
Welcome to 2023! Have an abundant and successful year!
Possible scenarios:
1) 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:
2) Breakdown scenario if redistribution schematic is fulfilled
= Short on test of breakdown of 10890 / 10485
3) Breakout of rotation = possible long if price continues to trade
at upper boundary of rotation zone.
Weekly = Low vol down bar close off low = No Supply
H4 = Ave vol up bar close toward high = minor demand
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.
