NQ1! NAS100 NASDAQ 2023 FEB 13 WEEK
Result for week of 06 Feb yielded 350pts in total from 2 trades.
Market testing breakout area 12140-12271.
Possible scenarios:
1) Long on test and accept of breakout area 12140-12271
2) Short on test and reject of 12140-12271
Volume Analysis:
Weekly = Ave vol down bar close toward low = minor weakness
Daily: Ave vol down...
Resistance trendline has been indicated at touched meaning retracement back to 50% (middle trendline) and if that breaks we looking at a full retracement to the delayed right hand side shoulder , which would complete a inverse head and shoulder and market will rally up after , remember this is a daily/4hr chart anaylsis which could take a week or 2 to completed...
