NAS100 USD NQ1! NASDAQ 2022 FEB 21 week

CME_MINI:NQ1!   NASDAQ 100 E-mini Futures

NAS100 USD NQ1! NASDAQ 2022 FEB 21 week

Short preference worked wonderfully last week for the confluence of
boundary + trend line short (Scenario a + b).

Since price is near lower boundary, will WAIT for reaction there.

Possible Scenarios:
a) Price returns into previous rotation zone 14582 - 14462 =
short at upper boundary resistance and and
long at lower boundary support 13706-13845
b) Short on trendline resistance / resistance at price reaction levels
c) If price breaks lower boundary and then returns above it and is
supported, will look for long opportunity
d) If price breaks through lower boundary on high volume , wait for a
test and reject at the edge of the boundary to short.

Weekly = Average volume down bar closing off low = some demand,
but weakness still present.
Daily = Average volume down bar closing off low = some demand,
while price came down on increasing volume = bearish strength
is still present.
H4: UHV down bar closing off low followed a high volume attempt
for higher prices but closed near its low = weakness

Price reaction levels:
Short on Test and Reject | Long on Test and Accept

16767 16481 15992
15492 15160 14462
13706 12955 12465

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Have a profitable trading week ahead.


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