NQ1!NQ1! NAS100USD 2021 OCT 11 WEEK
H3 chart background showed shortening of thrust in donwtrend, supply is weaknening.
High volume upttrend took out the previous 3 highs. Temporarily, strength has returned.
Will wait for market to test the lower levels to long.
Weekly: High volume up bar closing off high. Some demand has returned
Daily: Average volume down bar, forming a 2BR. A lower close on the next bar confirms weakness.
Entries will be based off price reactions at these levels
Short on Test & Reject | Long on Test & Accept
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.