NAS100 USD NQ1! NASDAQ 2022 Apr 11 week

NAS100 USD NQ1! NASDAQ 2022 Apr 11 week

The suspected upthrust exerted its influence last week, when we
see price rejection again at 15160. Crucial to this week is if 15160
becomes resistance, then we may see price attempting the 13666
and 13100 region. if that happens, this may mean we need to look at market
behavior being in a rotation structure between 15160 & 13100.
The strategy in this case will be to short on retracement.

Possible Scenario:
1) 1f 14391 becomes resistance, market expected to test lower
levels like 13666 / 13100, with the potential of re-distribution play,
until supply and demand
resolve themselves for a breakout.

2) Market test breakout area, 13666, finds support and attempts for 15160

Weekly = UT bar has been confirmed by this week's lower close bar =
weakness
Daily = Average vol down bar closing at low = weakness
H4:The UHV up bars showed capping of demand = weakness

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

16767 16481 15992
15492 15160 14391
13666 13025

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Have a profitable trading week ahead.