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NAS100 NQ1! NASDAQ 2022 NOV 28
@IngW NasdaqTrader：
NAS100 NQ1! NASDAQ 2022 NOV 28 Chart Analysis for NQ 2022 Nov 28 Apart from the rotation long from week of 7 Nov, nothing eventful happened the last 2 weeks as NQ traded in narrow range. Holiday season has kicked in, volume expected to remain thin. Price may just slowly float upward due to lack of selling. Possible scenarios: 1) Rotation zone 11730 - 10710: Trades can be executed at boundary of range. 2) Short on rejection of 12140 / 11730, target 50% of range // extended target to rotational support. 2) Breakdown scenario if redistribution schematic is fulfilled = Short on test of breakdown of 10890 / 10485 3) Breakout of rotation = possible long if price continues to trade at upper boundary of rotation zone. Weekly = Unconfirmed UT + ND up bar, possible weakness Daily = UT observed, possible short opportunity. H4 = Indecision. Supply and Demand need to resolve, probably after thanksgiving weekend there'll be an outcome Price reaction levels: Short on Test and Reject | Long on Test and Accept 12987 12140 11730 10710 10485 10000 9748 Remember to Like and Follow if you find this useful. Have a profitable trading week ahead.
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