2021 May 31 NAS100USD (Intraday)
Weekly = | Daily = TBC | H4 =
Per last week's analysis, scenario 1 happened.
Price returned to test 13396 - 13425. Hope you had profited from the long opportunity.
Market currently in rotation (grey box) just below a previous resistance, is low.
1) Supply pauses or reverses the uptrend
2) Market is building up to continue its uptrend
3) If market breaks the rotation, trades can be taken when price returns to test.
(applies to both break out upward / downward)
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Have a profitable trading week ahead.