NQ 22Reversal Down or Outside Bar week
Price has officially entered a new story.
Price is currently well Over the 6month .50% level and is now in a new price story.
How to play?
- The reason I stated a potential outside bar on the week is because if magically price breaks up and build over the monthly trigger $13311.50, it will shoot for the .50 Price story. That is where I am expecting a rejection back down.
- To keep it simply this week your plan is to watch for the retest of weekly .50 $13197.00 and .618 $13151.00 if price fails to hold those levels then down to the downside targets.
- Because this is a new story, we have to adapt to how price reacts here, so a good stand by watching is called for at this time.
- Price Targets for the week.
- Weekly .50 $13197.00
- Weekly .618 $13151.00
- This level fails, then weekly trigger in play $12953.25 & $12907.25
As far as the upside targets this week, we will let price first prove itself to us, we need a solid build over $13311.50 before I get involve.
