NAS100 NQ1! NASDAQ 2022 NOV 07 WEEK

5 בנוב׳ 2022

NQ1!
NQ is now in Rotation zone 11730 - 10891.
Weekly chart shows first higher close down bar than the
previous down bar, some demand may be expected for
rotational long opportunity.

Possible scenarios:

1) Rotation zone 11730 - 10890: Trades can be executed at
boundary of range, possible target 11345 if long. If Price didn't
manage to reach 11345 or is resisted there, take out your long.
2) Breakdown scenario if redistribution schematic is fulfilled
= Short on test of breakdown of 10890 / 10485
3) Breakout of rotation = long on test if 11730
becomes support

Weekly = Ave vol down bar close off low = some demand
(Note: this down bar closed higher than the last down bar,
rotation possibility continues and demand coming in)
Daily = Higher vol (ave) up bar close off high = some demand
H4 = Ave vol up bar close of high = No demand

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

12987 12140 11730
10890 10485 10000
9748

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Have a profitable trading week ahead.