NQ1! - Weekly Market Update, 4/25/22

Two weeks ago, price action settled at support which left us with little actionable anticipation. This past week's price action appears to have confirmed a shorting opportunity. Price action has settled on a weekly basis 1%+ below the support structure which it has penetrated. I've illustrated the opportunity on the short. The dotted line represents the stop, the solid red line is the short entry, and the solid green line is the exiting target. Normally when a week ends on the note last week ended on, there typically follow through into the following week. So, it should be interesting to see. The overall trend remains bearish, and this is in fact a trend favoring trade idea. Happy Trading!