NAS100 USD NQ1! NASDAQ 2022 Aug 22 Week

NAS100 USD NQ1! NASDAQ 2022 Aug 22 Week

Last week's weakness and previous supply came in, manifesting in
Scenario2 short opportunity. Market closed at demand line.
Diminished volume informs us of low market participation, as such
whipsaw action may be expected. Trade with caution.

Possible scenarios:
1) Channel support for long opportunity
2) Short if channel support becomes resistance

Weekly = Ave vol down bar = minor weakness + UT
Daily = Ave vol down bar close off low = minor strength
H4: Narrow spread UHV bar close slightly off low = Strength coming in

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.