Trading Scenarios for #NDX for week of 22-26 March 2021
Trend: Daily/Weekly/Monthly: Mixed/Down/Mixed
Levels given, scenarios mapped out.
I consider this 3 instead of 4 scenarios. 1a and 1b are largely similar.
3 scenarios:
1a) Globex open and we rally, hitting my Friday's target 12939, before a pullback. We hit new lows at 12605, sucking in all the bears (all this should happen by Tuesday) before a rally higher
1b) Globex open and there is a dip, can be to 12725, or lower to 12605, before we rally in subsequent days.
2) Friday's hammer held. We move higher to 13163-93, before finding a rejection and we end the week lower.
3) Globex open and we rally, only for a fake move and we hit to new lows of 12175.
1a) is my most probable scenario to kill everyone.
Levels given, scenarios mapped out.
I consider this 3 instead of 4 scenarios. 1a and 1b are largely similar.
3 scenarios:
1a) Globex open and we rally, hitting my Friday's target 12939, before a pullback. We hit new lows at 12605, sucking in all the bears (all this should happen by Tuesday) before a rally higher
1b) Globex open and there is a dip, can be to 12725, or lower to 12605, before we rally in subsequent days.
2) Friday's hammer held. We move higher to 13163-93, before finding a rejection and we end the week lower.
3) Globex open and we rally, only for a fake move and we hit to new lows of 12175.
1a) is my most probable scenario to kill everyone.
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