NAS1000 - Weekend Analysis

22 Jan 2023

When I saw that price bounced back all the way to close all the imbalances and right up to the supply zone, which it had to do before it makes any further moves. Now that this is complete, it has 2 options either continue higher, bounce out of the channel, retest and go higher, or, Fill all those Short/Sell orders and head down to 10300 (the centre of the channel, filling all the outstanding gaps on the way). My bias is down