IndexTrading

$NAS100 BEARISH BREAKDOWN – RISING CHANNEL BROKEN, SELLERS READY TO STRIKE!

📍 Current Price: ~21,610
🕒 Timeframe: 1H (Short-term setup)
📉 Pattern in Focus: Rising wedge breakdown with bearish confirmation

🔎 Technical Analysis:

The chart shows a rising wedge pattern, a classic bearish reversal setup. Price has broken below the wedge support with strong downside momentum. Multiple bearish rejections confirm that buyers are losing strength, and the market is shifting toward bearish control. The next major target is highlighted around 23,299.40, suggesting further downside is likely.

📌 Key Levels:

Resistance Zones:

21,800 – Broken wedge support now turned resistance

21,900 – Recent high and structure cap

Support Zones:

21,400 – Immediate short-term support

21,299 – Main bearish target (marked on chart)

21,200 – Key horizontal demand zone if breakdown continues

📉 Trade Setup (SHORT):

Entry Zone: 21,600 – 21,700 (after pullback confirmation)

Target 1 (TP1): 21,400

Target 2 (TP2): 21,299

Stop Loss (SL): 21,900 (above structure invalidation)

📌 Confirmation Tip: Look for a bearish candle close below 21,600 on 1H or 15min for entry signal.

🌐 Market Outlook:

The price action suggests a short-term bearish wave is forming as bulls lose momentum after a weak rally. Unless price recovers above 21,900 quickly, further downside toward 21,299 seems highly probable. A bearish wave is underway as indicated by the aggressive candle break and volume flush.

🛡️ Risk Management:

Risk only 1-2% of total capital

Stick to defined SL above structure

Avoid revenge trades on small pullbacks

Don’t enter mid-move; wait for proper retests or rejections

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$NAS100